Concerns Arise as COOLCoin Memecoin Experiences Significant Sell-Off

In the midst of the chaos, a recently launched cryptocurrency named CoolCoin (COOL) has faced setbacks due to fraudulent actions. Lookonchain, an analytics firm specializing in blockchain data, has revealed that a vigilant individual, referred to as a “sniper/insider,” has orchestrated a sudden sell-off of COOL tokens, catching unaware investors off guard. Within a mere hour, this insider managed to pocket a substantial amount of $1.68 million, while still holding onto a significant portion of COOL tokens worth over $20 million.