Actor Will Smith slapped comedian Chris Rock on live television during the Oscars yesterday and sent shockwaves around the world. His unruly behavior came as a surprise as Will mostly maintained a calm and composed personality. Will slapped Chris for making fun of his wife Jada and also dropped the F-bomb after roughing him up. Hours after the slap, a new token called Will Smith Inu (WSI) made its way into UniSwap and other decentralized exchanges. It also attracted $1.9million in trading volume overnight.
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If a token on the slap wasn’t enough, an NFT named Will Smith Slap DAO also made its way into the OpenSea platform. The NFT received a handful of sales, as 730 digital pieces were sold for an amount ranging between $7 – $300.
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Should You Invest in Will Smith Inu?
Let’s get straight to the point- NO! These projects just spring up like mushrooms piggybacking on a trend and lose steam in less than a week. The tokens are not legit and there’s high chance the team behind it could shut shop quickly the same way how it opened in the first place.
In a decentralized market, anybody can launch a token and name it anything they wish. They can also disappear with the funds and get away with it leaving no trace behind. Hardly a few devs have fallen in trouble after a rug pull and the majority of them remain out in the open with no legal trouble whatsoever.
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In recent memory, the Squid Game token indulged in a rug pull siphoning all the money of investors. The team behind the project remained anonymous and vanished in thin air with the funds.
In simple words, Will Smith Inu token makes no sense with no underlying value. It’s just another blindfolded token out there in the market with no rhyme or reason. It’s better to stay away from such ‘daily pop-ups’ and not feed the potential rug pullers our hard-earned money.
At press time, Will Smith Inu was trading at $0.00000000763 and is up +230% in the 24-hours day trade.