Mongoose coin surges by 110,000%: Is it another scam?

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Highlights 

  • Mysterious Mongoose coin has already zoomed up by 110,000% over the 24 hours.
  • At the time of writing, it was trading at US$$0.01591 with a 24-hour volume of US$1,100,000.

Mongoose coin crypto didn't exist a couple of days back. Things started at the hearing of the US House Committee on Financial Services on Wednesday, 8 December, when Rep. Brad Sherman spoke about the possibility of a Mongoose Coin ruling the crypto market in near future on a lighter note. The news of a possible new crypto token spread like a wildfire among Twitterati and crypto enthusiasts. 

The fun started when someone went ahead and created the Mongoose coin. As per the latest figures from DEX Screener, the coin has already zoomed up by 110,000% over the 24 hours. At the time of writing, it was trading at US$$0.01591 with a 24-hour volume of US$1,100,000. It has a live market cap of US$660,0000 with a total supply of 69,420,000 MONG coins.

Also read: Why Casinos and Online Gambling platforms are turning to cryptos

 

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Created out of a Congressional hearing

During the hearing, Rep. Sherman said that the biggest threat to cryptocurrencies is crypto itself. He said that the threat is the Bitcoin can be replaced by Ether, which can again be replaced by Dogecoin or Hamster coin and so on. He then asked that amid all this frenzy, “what could a Mongoose Coin do?”


 

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