The death of musician Ozzy Osbourne on July 22 caused a wave of fraud on the Solana network. There, at least 45 tokens with names like “Ozzy”, “Lip Ozzy” and “Ozzy” were thrown onto platforms such as pump.fun.
Designed as memo coins, these digital assets attracted investors and speculators in the hopes of fast profits, but the creators of those tokens were They performed a type of scam Rug pull Y pump and dump.
These fraud mechanisms created similar strategies to artificially inflate the price of assets before collapse, causing losses Over $325,000 (approx. $1.625).
The iconic case is Token Ozzy. Price at the pump on July 22nd. It drops from 33% to $0.00000008 in a few minutes. At the end of this edition, the value collapsed by an additional 50%, reaching $0.00000004.
Ozzy’s price volatility is an indicator that the person who created it did it Pumps and dumps: Prices rose and suddenly fell.
The Ozzy Contracting Office, 2ONPQT48SFYWJWZCFZSMQTJN5LXW5WFXABEN9J1ABONK, shows that a token, created at 18:24 on July 22nd, was born next to Ozzy Osborn’s death.
However, prices started at 18:05 on Pump.Fun. This difference is explained. This is because in Solkan, “First Mint” (the first broadcast) marks the official record of the chain, and Pump.Fun takes advantage of its creation speed in Solana to allow the token to be listed before full verification.
Furthermore, as seen in the previous image (in the red box), the sections are available.Token extension“There’s a (token extension) label.”error“(error).
In Solana, Token extension Adds various features to your token Transfer hooks (Personalized logic for transfers), Metadata Pointer (data as name or logo), The Unchanging Owner (the immutable owner) Mint Close Authority (Coin closure).
In that context, The word “false” indicates that the token does not have those characteristics. Something common in Memecoin, such as those related to the fraud after Osborne’s death. This suggests speculative or fraudulent purposes Rug pull o pump and dumpand increases the risk due to lack of official metadata.
Another example is Memecoin Rip Ozzy Osbourne (Rip Ozzy), whose contract is 4rsmh2cj1ykfstqxgtv8jabspcf6ygadrvq1pkybonk. The token was created on July 22nd, and its price movements are similar to the Ozzy case, as you can see in the image below.
Additionally, please introduce the phrase “Rip Ozzy” into your pump’s internal search engine. At least 45 memokines linked to the death of the singer have been created.
Most (if not all) of them reflect the same patterns in their price graphs as the two patterns previously reviewed in this article.
In addition to these patterns, these memokines are linked to the low market capitalization (approximately $5,000) that recorded Ozzy Oousbourne. Hype Temporary, value depends more on emotions than solid foundations.
Meanwhile, and as Cryptonoticia explained, a few minutes after the death of the 76-year-old British musician, the official non-finible token collection (NFT) called Cryptobatz was confirmed. 594% shot.
