Recently we’ve seen an AMC token surface in the ‘ape’ community known as TAMC, or $xAMC.
Do not fall for this scam.
This is in no way, shape, or form from the community or by the community.
Does it come as a surprise that Yahoo is pumping this fake AMC token?
Not at all.
Yahoo Finance has been attacking AMC, GameStop, and the community for over a year now since the short squeeze topic has created a movement in the retail community.
This is a different type of low.
Let’s break it down together.
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Yahoo promotes fake AMC token created by grifters
“The AMC Token, aiming to be the next 1000xgem in the crypto space, is starting its adventure with a unique fair launch event held on April 30, 2022, on Pink Sale Finance official link attached below; the invitation is for all the interested Apes/Investors to this extraordinary event.” – Yahoo Finance
Yahoo is promoting a fake AMC token that has the potential to destroy investors’ finances.
The mere pump of such a scam by a mainstream platform such as Yahoo is quite disturbing.
We’ve seen corporate media deteriorate their reputation amongst the retail community in the past year and months.
Agendas such as this one is not uncommon as the media has been trying derail investors from buying AMC stock; hoping to extinguish any chance of a short squeeze.
Who started xAMC token?
Grifters is the account promoting the fake AMC token on Twitter.
The user recently joined the social media platform only one month ago, no surprise there.
The definition of a grifter on its own is already a con-artist, or a dishonest gambler.
Here we see a puppet on social media promoting this page’s scam within the ‘ape’ community.
This account joined Twitter in April of 2022, this month.
They ‘like’ and retweet comments from retail investors in the ‘ape’ community but only promote this fake AMC token.
Yahoo says the AMC Token fair launch aims to craft a wider distribution and an effective price discovery.
“The project will not set a dollar price for the tokens; demand and supply in the fair launch event will. No Pre-Sale, Initial Coin Offering, Seed Round, or Whitelist before fair launch is completed; everyone has the same opportunity to acquire The AMC Token (TAMC) from day one.”
Why is Yahoo pumping this token from grifters?
I’d love to hear your thoughts in the comment section.
Just please keep it clean for Google.
Grifters helps scammers with their technical and marketing needs while helping them rug pull at ease.
A rug pull is essentially when a token is pumped and then the creators dump all the tokens cashing in from the pump while everyone else loses all their money.
Similar to what we saw with dogecoin influencer Matt Wallace on his own token earlier this month.
Yahoo and scammers promote Ethereum network on fake token ‘by apes’
Both Yahoo and scammers are promoting the fact that this AMC token is using the Ethereum network.
The excerpt above is from Yahoo.
This image of the token pumping has been promoted on Twitter to get retail investors in the ‘ape’ community interested in this scam.
As you can tell from the image, the AMC token is displayed as xAMC/ETH since it is indeed based on the Ethereum network.
The screenshot is from the grifter community, also being promoted by Yahoo.
Here is Yahoo’s article touching topic on this scam.
What’s curious is that Yahoo has never spoken out against malpractices in the system but hits it on the nail as they promote this scam.
The image is embedded for record purposes.
Don’t get scammed by Yahoo and Grifters
Community, campaigns such as this one will happen in order to divert retail from maintaining focus on a short squeeze play.
What does this tell you?
The suits behind these campaigns are in a world full of pain.
Retail investors have caused hedge funds to lose billions of dollars on heavily shorted stock such as AMC and GameStop.
Should this tactic be illegal?
But it isn’t.
The best thing you can do for you and your family is to do your research first before jumping in on a scam such as this AMC token being pumped by Yahoo and social media grfiters.
Share this article to raise awareness in the community.