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England player memecoins tank ahead of crunch EURO 2024 clash

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Fan tokens primarily based on members of England’s Euro 2024 group, together with Jude Bellingham, supervisor Gareth Southgate, and captain Harry Kane, have all tanked in value forward of the make-or-break quarter-final conflict in opposition to Switzerland on Saturday.

The tokens had been created to money in on the hype across the quadrennial match. Nonetheless, it didn’t take lengthy for them to be labeled as scams. Certainly, talking about Captain Harry Kane token ($CHK), Russian cybersecurity supplier Kaspersky stated:

“Hackers are profiting from the recognition of Euro 2024 to promote customized cash that includes the preferred gamers, promising spectacular returns.”

The coin has dropped nearly 99.9% since its all-time excessive on June 6.

Branding of the Captain Harry Kane coin.

Different tokens primarily based on the squad, together with $JUDE (Jude Bellingham) and $GARETH (Gareth Southgate) haven’t faired nicely both. Bellingham managed to avoid wasting England from an embarrassing match exit with a spectacular last-minute bicycle kick purpose on Sunday.

The purpose prompted a spike within the value of $JUDE, rising it by nearly 77% to $0.00004237, nonetheless, it dropped again right down to $0.00001885 simply an hour later.

The worth enhance on the identical day as Jude Bellingham’s purpose.

Learn extra: Nigel Farage stated shady alleged crypto ATM proprietor is ‘like a son to me’

Total, the token has crashed by roughly 98% from a excessive of $0.00062392 to $0.00001344 immediately, with a present 24-hour buying and selling quantity of $54. The Gareth Southgate token has additionally crashed by 95% since its all-time excessive on June 10.

One other token has taken the likeness of Pepe the Frog and mixed it with a soccer to supposedly ‘Bridge the hole between soccer & web3 one meme at a time.’ This mission has additionally crashed 95% from its Might 19 all-time excessive of $0.059475.

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