[SCAM] SEND IT - Fake Volume & Wash Trading by Dev (Only 6 Holders)

[albon]

What happened:: The bounty manager @Leclerc2019, who has a long history of promoting scam projects that never pay participants, has recently started promoting a new meme coin called SEND IT.

What is worth noting is that data shown on DEXTools and Pump.fun indicates that the token creator, whose wallet address is 4NcrFGFpq1VDoqHtVQhEKyMvG8WUqw9tyhK11Vw4patg, appears to be carrying out fake buy and sell transactions solely to manipulate the token price and mislead investors into believing there is high trading volume.

From the evidence, it’s clear that, showing that the token has only 6 holders which suggests there are likely no real investors, suggesting the activity is largely automated by the developer.


The developer’s main wallet (4NcrF...patg) is showing a negative PNL, which is sometimes used to hide real profits while moving tokens to other wallets.



The developer is repeatedly buying and selling against himself to create fake volume and lure investors:



The wallet activity suggests the developer distributed tokens across several linked wallets to keep control of the supply.



Chronological log showing consistent interaction by the dev account, confirming he is the primary liquidity mover.




Only 6 holders exist despite the high volume, which strongly suggests most of the trading activity is artificial.





The creator's profile reveals a serial scamming pattern, with 28 coins created in a short period. [SOURCE]



Scammers Profile Link: https://bitcointalk.org/index.php?action=profile;u=2522364

Reference Link:

[1] [BOUNTY] SEND IT - PROJECT HAS A LISTING


Additional Notes: I advise every bounty hunter to stop promoting this project. What I have presented is clear evidence of the developer’s dishonest intentions. There is also a strong chance that the entire project is a slow rug, so do not waste your time on it, and do not help lure other investors into a scam through your promotion.

I would also like to thank @mm2543363580 for bringing this issue to my attention through his posts in the bounty thread.

Thats are his own transactions - he buys and sells - look on my screenshot again and compare numbers and dates with your screenshot.  

If he doesn't escrow, it is just wasting your and participants time. (Maybe not yours if he pays you upfront   )

[mm2543363580]

skip

I would also like to thank @mm2543363580 for bringing this issue to my attention through his posts in the bounty thread.

Thats are his own transactions - he buys and sells - look on my screenshot again and compare numbers and dates with your screenshot.  

If he doesn't escrow, it is just wasting your and participants time. (Maybe not yours if he pays you upfront   )

About an hour ago DEV sold almost all his tokens:



It looks like game over  

I'll just add that there are only one or two wallets that may not belong to DEV.



Tokens on marked wallets thats DEV wallet or tokens coming directly from his wallet.

[albon]

About an hour ago DEV sold almost all his tokens:



It looks like game over  

Thank you for informing me about this.

This was expected, as this developer has created many scam coins before, all of which have now dropped to zero value.

You can check this transaction [here], where the developer sold 718,000 SEND IT! coins to for 1.210565488 SOL ($101.34).

I'll just add that there are only one or two wallets that may not belong to DEV.



Tokens on marked wallets thats DEV wallet or tokens coming directly from his wallet.

This is a lesson for everyone who invests in these new meme coins, because the same thing can happen to them as happened with this coin.

The creator may do exactly what this scam developer did: distribute funds across multiple wallets, create fake trading volume to attract and deceive investors hoping for high profits, then sell all the coins he hold with the click of a button.

It is good that this coin did not have many holders, and that we exposed it at the right time so it would not deceive many investors.

[albon]

Update:

Good to see the mods looked into my report in time and removed the bounty thread posted by this bounty manager who only cares about making money from promoting these high risk meme coins here. Unfortunately, bounty hunters/investors are the real victims because of what he’s been doing

I advise everyone to avoid participating in any bounty campaigns managed by this user unless you have DYOR beforehand.

Also, meme coins can easily drain your money as they can become worthless overnight. Then the developer simply comes back with a new coin and starts promoting it again, and the same thing happens again and again