Bitcoin Pizza Day Is Right here — Plus A number of Crypto Scammers

Bitcoin Pizza Day May 22nd.  cryptocommunity holiday.  2 pizzas for 10,000 Bitcoins.  Pizza Index
Bitcoin Pizza Day Is Right here — Plus A number of Crypto Scammers

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Foremost takeaways:

  • What’s Bitcoin pizza day?
  • The day is a supply for scammers to rip-off naive buyers.

YEREVAN ( – Bitcoin pizza day is an annual cutthroat joke for all crypto fanatics and a reminder to be humble and take losses with beneficial properties.

In brief, on today in 2010, Laszlo Hanyecz, a Florida developer, spent a not-so-worth 10,000 BTC on two pizzas — the equal of $270 million on Might 23. The pizza was undeniably scrumptious however left a bitter style for the would-be millionaire, although he admits he would not blame himself for the miscalculation.

Since then, the day has been the supply of varied puns, occasions, and companies within the crypto business. Sadly, Bitcoin pizza day 2023 brings greater than enjoyable, offering a slew of scams.

Evil Lifeless Rises on Bitcoin Pizza Day 2023

Because of the excessive charge of scams and tapestry withdrawals, meme coin builders usually are not referred to as probably the most dependable bunch. Nevertheless, fastened merchants at all times fall for the promise of the following 100x coin. Equally, on Monday, many fanatics poured capital into a number of pizza-related tokens.

In response to information from the analytics platform Dextool and its “reside new companions” part, Might 22 was productive for fraudsters. Fourteen new pizza associated meme cash seen inside 24 hours. 4 of those had been confirmed when the rug was pulled a number of hours later.

Additionally learn: 3 Causes Why Bitcoin Value Might Not Retest $30K in 2023. 

For instance, one of many meme cash was initially named pizza coin (PIZZA). It lasted simply eight minutes earlier than the developer modified the gross sales tax charge so buyers could not relinquish their holdings. Consequently, the a4 dealer bought the token at a complete lack of 0.98 ETH ($1,800).

Then naive buyers flocked to “pizza bitcoin” and “pizza inu” cash, ending up shedding a complete of over $12,000. “Ethpizza” and “bpizza” took the torch afterward, ballooning to $40,000 and $100,000 respectively.

BPIzza price action.  Source:
BPIzza value motion. Supply:

The final challenge remains to be lively, although BPIZZA’s value has fallen 30% within the earlier six hours.

Bitcoin Pizza Day put up Right here — Plus A number of Crypto Scammers first appeared on CoinChapter.

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