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.

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PANews reported on January 21 that according to Onchain Lens monitoring, a fake $BARRON token quickly reached a market value of $72 million, and one of the internal accounts made a profit of more than $1 million by buying low and selling high. The account bought 136.35 million $BARRON tokens at 4.43 $SOL (about $1,048) and then sold them at 4,456 $SOL (about $1.05 million). In addition, there were multiple internal accounts involved. However, most of the major participants or "whales" suffered losses in this scam.
 According to previous news, the market value of the fake Barron Trump token reached 72.78 million US dollars and then plummeted 99%. The relevant X account has been frozen.

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