As soon as Kash Patel got appointed as the new FBI Director, scammers wasted no time flooding Pump.fun with fake memecoins under his name. Given Patel’s ties to Trump, his name is now being used to cash in on the hype, except these coins are completely worthless.
In just the last 24 hours, hundreds of Kash Patel-themed tokens have been created within minutes of each other, as the news came out of Kash Patel being appointed as the new FBI Director.
Most of them have the same price, the same value, literally zero, and a market cap of just $4.9K, which is basically non-existent. These are nothing but quick scams designed to fool people into buying before they disappear.
One more red flag is that maximum supply of these coins are held by a single or a few addresses, most likely by creators, and have high chance of rug pull.
Pump.fun’s open nature makes it easy for scammers to launch tokens instantly, and this is just the latest example of how hype-driven crypto can turn into a playground for rug pulls.
With so many of these fake coins popping up, it’s a clear warning: don’t fall for the hype. Always DYOR before touching any memecoin.
