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Fake Microsoft Token Plummets 96% After Reaching $80M Market Cap

Fake Microsoft Token Plummets 96% After Reaching $80M Market Cap

Published:
2025-05-19 09:58:03
22
2

A fraudulent cryptocurrency token impersonating Microsoft collapsed spectacularly, shedding 96% of its value within hours of peaking at $8,300. The token, which unlawfully appropriated Microsoft’s branding, briefly achieved an $80 million market capitalization fueled by speculative frenzy and investor negligence.

Trading volume remains elevated at $54.4 million despite the crash to a $3.8 million market cap, suggesting continued panic selling. CoinMarketCap has not verified the project, with its profile displaying unverified branding elements.

|Square

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