Editoral: $Vunce Battles Sabotage, Emerges Strong Amid Controversy

By Harry Tsang

07/15/2024 04:00 PM PDT

 

Earlier today, former President Donald Trump announced Senator JD Vance as his running mate. As expected, the memecoin market reacted swiftly. One would assume that the biggest Vance-themed memecoin, $Vunce, would skyrocket following the announcement. Surprisingly, this wasn’t the case. The reason lies in the actions of a copycat coin, $Vence. This scam version managed to bribe its way into a partnership with one of the biggest Trump-themed memecoins, $Tremp. Additionally, they coordinated a FUD (Fear, Uncertainty, Doubt) attack and espionage to take out $Vunce.

 

 

Four days before the announcement, $Vunce was sitting at a market cap of 400k. Leading up to the reveal of Trump’s vice presidential running mate, $Vunce successfully attracted new investors by seizing every opportunity. They amplified the impact of any favorable news about JD Vance by tirelessly conducting raids on the subject matter on X, and motivated the community with positive vibes. Through these efforts, they secured their status as the biggest Vance-themed memecoin, achieving an impressive all-time high of a 5 million market cap.

 

Meanwhile, the copycat coin $Vence remained stagnant with a market cap of 600-800k, largely due to their community’s lack of effort in promoting their name. Additionally, $Vence had previously been exposed for past scam activities and was known to control a significant portion of its supply, giving them the ability to cause price drops at will.

 

 

Unbeknownst to the $Vunce community, the copycat coin $Vence had been carefully watching and waiting for their chance to strike. They infiltrated the $Vunce team with a spy, spread FUD (Fear, Uncertainty, Doubt) and lies about team members, and even bribed their way into a partnership with one of the biggest Trump-themed memecoins. Due to this coordinated effort, $Vunce investors were caught off guard, leading to a massive sell-off and an 84% drop in price.

 

Because of $Vunce team swiftly responded to the attack with an AMA on X’s Space to address concerns, the price drop has stopped and the project is recovering. On top of that, according to the team, they are working on a solid plan and will fully address the $Vunce community on how to move forward.

 

Personally, is it really necessary to destroy a project withoutt considering the potential harm it can cause, such as people losing money and experiencing pain, just out of jealousy? I hope people will think this through before taking such actions in the future.

 

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