A fake token called pump.fun recently saw a massive spike of over 2,000,000% in value before plummeting due to its association with the flavia meme coin run by an AI agent named Flavia, created by Trevor McFedries. Traders in the market quickly identified the fake flavia coin as a scam, leading to significant losses for some individuals who fell for the scheme.
One trader expressed frustration after losing all their funds in just 24 hours of trading, as their account was suspended. Another trader warned about the risks of investing in the fake flavia token, highlighting the potential losses for unsuspecting investors.
The fake flavia token was connected to a now-suspended account on X with the username @MahimaKhat44686. Despite its initial surge, the fake token eventually crashed by over 99% and had very little liquidity, trading at a significantly lower value.
On the other hand, the real flavia token, operated by an AI created by Trevor McFedries, managed to generate substantial returns for a trader who turned $668 into $1.79 million in just 10 hours. The legitimate flavia token had a market cap of $35.8 million and was trading at a stable price.
McFedries, known for creating virtual AI influencers like Lil Miquela, explained that the flavia token was intended to test new applications of AI in the crypto space. He shared plans to explore gaming opportunities using the flavia tokens and engage with market makers to enhance liquidity and attract larger crypto exchanges.
Despite facing challenges with the fake flavia token, McFedries remained optimistic about the potential of the legitimate flavia token and its role in fostering a community around interactive games and puzzles. He expressed excitement about the token’s market cap growth and emphasized the importance of collaborating with key players in the crypto industry to further develop the project.
