Scam Token Posing as Microsoft Plummets 96%—$80M ’Market Cap’ Evaporates Overnight
Another day, another crypto grift. A fraudulent token falsely branded as a Microsoft project briefly flirted with an $80 million valuation before reality—and gravity—kicked in. The inevitable 96% crash left bagholders fuming and skeptics shrugging.
Lesson learned? In crypto, even blue-chip names can’t protect you from the wolves. Always DYOR—unless you enjoy funding anonymous devs’ Lamborghinis.
Source: CoinMarketCap
However, reality hit soon after. The token has now crashed to a market cap of just $3.8 million, with 24-hour trading volume still unusually high at $54.4 million — likely due to panic selling and opportunistic trades.
CoinMarketCap has not verified the project. Its profile displays unverified branding, third-party social media links, and a clear disclaimer advising users to “Do Your Own Research” (DYOR). Despite this, the token briefly fooled parts of the community into thinking it had ties to the real Microsoft Corporation.
A lot of people on crypto forums and social media are angry, with some openly saying they jumped in at the top of the hype. It’s another harsh lesson in how fast things can go wrong in crypto, especially when you blindly chase big gains without checking if a project is actually legit.
Right now, the token is trading at around $386 — a massive drop from its fake high of $8,300.
Reminder: Just because a token uses a famous name doesn’t mean it’s real. Always double-check before putting your money in.
Also Read: Uniswap price Crashes 15%, Will UNI Crypto Drop to $5?
