METAMUSK Token: Twitter suspends the account of Musk Metaverse

The price of METAMUSK token from Musk Metaverse is down 30% as Twitter suspends the project's official handle amid scam suspicions.
The price of METAMUSK is down over 30% Credit: MuskMetaverse whitepaper

Key Takeaways

  • Social media giant Twitter has suspended the official handle of Musk Metaverse.
  • The METAMUSK token has slipped over 30% in the past 7 days amid scam allegations.

YEREVAN (CoinChapter.com) – Suspicions about the authenticity of the Metamusk Token (METAMUSK) by the Musk Metaverse are only increasing. After initial red flags that hinted at a possible cryptocurrency scam, the stage seems set for a rug pull. To make matters worse, Twitter has now suspended the official account of Musk Metaverse. 

“Most of the accounts we suspend are suspended because they are spammy, or just plain fake, and they introduce security risks for Twitter and for everyone using Twitter. These types of accounts are against our Twitter Rules,” 

the social media giant clarifies on their website.
The Twitter account of Musk Metaverse (METAMUSK) is suspended.
The Twitter account of Musk Metaverse (METAMUSK) is suspended.

CoinChapter contacted Musk Metaverse on their various Telegram channels to get further clarification. According to the project’s website, there are six official Telegram groups. After our questions got deleted and we got banned from most of them, an admin decided to reply.

“We have been having any troubles on Twitter and Our team is striving to mitigate some problems asap. Sorry for the inconvenience,” 

Lauren Kelly from Musk Metaverse claimed.
Musk Metaverse confirmed that Twitter has suspended the account.
Musk Metaverse confirmed that Twitter had suspended the account. Credit: Telegram Channel of METAMUSK

Last month CoinChapter published a comprehensive article pointing out all the various red flags that raise suspicions about the Musk Metaverse project.

Recommended: METAMUSK Token, another cryptocurrency scam from Musk Metaverse?

Is the Twitter suspension indicative of a rug pull?

The developers of METAMUSK have suspiciously used Elon Musk’s name, his picture, and his companies all over their website.

The project claims it will release new tokens themed around the influential entrepreneur. SpaceX, TESLA, NEURALINK, and STARLINK are supposed upcoming crypto tokens. The project also promises to create an NFT marketplace and a Musk Metaverse game in the future. 

While the devs have big ambitions for the future, the project may not make it that far after all. With the Twitter handle now suspended, we could quickly see the website disappear next. Additionally, the project does not allow users to sell their tokens until April Fools on 1 April. Until then, there is enough time to capitalize on unsuspecting investors.

The token distribution also remains a major problem for the project. Although 682,418 addresses hold METAMUSK tokens, data from BscScan suggests four wallets still hold a vast majority of the supply. 

Two wallets hold 70% of the total METAMUSK tokens
Two wallets hold 70% of the total METAMUSK tokens. Credit: BscScan

Over 75% of the METAMUSK crypto tokens are concentrated in the top wallets, with the top two wallets holding 50% and 20%, respectively. This amounts to over $4 billion in today’s value.

The price of the METAMUSK token from Musk Metaverse slipped over 30%.
The price of the METAMUSK token from Musk Metaverse slipped over 30%. Credit: CoinMarketCap

The price of the METAMUSK token has also dipped over 30% in the past seven days, according to CoinMarketCap. In the past 24 hours, the price has been down 6%, thanks to the recent bloodbath in the overall cryptocurrency market.

As more users realize they may never return their investments, the METAMUSK project will only see more people distancing themselves from it. We will be watching if Twitter decides to reinstate its account until then.

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METAMUSK, METAMUSK Token: Twitter suspends the account of Musk Metaverse

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