Amber Rose has been accused of promoting and selling fake cryptocurrency called “MUVA” which is based on the Solana blockchain and many are accusing her of using her followers for financial gain. Is the Amber rose coin a scam? Find out.
Is Amber Rose Coin A Scam
Not exactly. So far Amber Rose have made $350,000 from the memecoin she launched called MUVA. So far, the wallet has sold 227 SOL, which is worth $33,000 at the current price of $145 per SOL.
Because of the buzz around the token, Amber Rose plans to restart a mobile phone company she co-founded. This will let people buy phones and pay phone bills using the MUVA memecoin.
Amber Rose Speaks on Past Crypto Promotions
Amber Rose admitted she didn’t really understand the crypto world when she promoted some projects. She told her followers that she has learned more since then and is dedicated to making her new crypto project, MUVA, a success. She said:
“I want to talk about my past posts. Back then, I didn’t know much about crypto or how paid promotions worked. Now, I know better and I’m committed to this project for the long run,” she wrote on X.
Why You Should Be Careful with The New MUVA coin
Investors should be careful, as Amber Rose has previously promoted fake crypto projects that turned out to be scams.
Secondly, since its a new coin in the market right now. its not advisable to hold onto MUVA tokens for a short term.
Should You Sign Up
We don’t recommend it yet. Currently there are rumors that the federal government is looking into Amber Rose’s crypto promotions. Some people think her recent change in political views is to get support from influential people who could help her if she runs into legal problems.
Also read: Binozy.com- Fake Cryptocurrency
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