Bitcoin Pizza Day Goes Stale as Pizza-Style Memecoin Issuers Pull Up the Rug

Floridian programmer and an early bitcoin miner named Laszlo Hanicez went down in history when he purchased two pizzas with bitcoin in 2010, marking a pivotal moment for the cryptocurrency.

Since then, Bitcoin Pizza Day is celebrated every year on May 22. However, scammers still lurk on that day.

• In light of this historic event, several malicious entities have swung into action to dupe unsuspecting investors. In keeping with investors’ current risk appetite for memecoin, fraudsters have resorted to creating vaguely pizza-related memecoins.
• according to dextool statisticsAt least 14 such tokens were issued in the days before the event, most of which turned out to be scams.
• BTCPizza, BPizza, PizzaDay, and EthPizza were some of the tokens found created Bitcoin has reportedly accumulated over $300,000 in market cap in the three days before Pizza Day.
• The BPizza operator suddenly changed its sales tax to 100%, making it impractical for investors to sell. On the other hand, the team behind EthPizza stopped transfers and sales for the token shortly after hitting a market capitalization of $38,000.
• Scammers continue to take advantage of the memecoin hysteria, with PEPE being the latest sensation that has piqued the interest of many a Dezeen.
• Last week, blockchain security platform PeckShield revealed Identifying a series of rig pulls linked to the creation of approximately 24 scam memecoins.