Fake $BARRON Token Scam: Internal Account Profits $1 Million Amidst Major Losses

On January 21, PANews reported that a fake $BARRON token reached a market value of $72 million, as monitored by Onchain Lens. An internal account profited over $1 million by buying 136.35 million $BARRON tokens at 4.43 $SOL (approximately $1,048) and selling them at 4,456 $SOL (approximately $1.05 million). Multiple internal accounts were involved, but most major participants, or 'whales,' incurred losses in this scam. The market value of the fake Barron Trump token initially reached $72.78 million before plummeting 99%. The associated X account has been frozen.