Lee JuCom
Lee JuCom2025-09-28 10:52

🊈 Baby Shark token crashes 99% on Story Protocol

💥 The Baby Shark token (PINKFONG) went viral on Story Protocol, hitting $500M market cap within hours thanks to KOL hype and Story’s official push. But soon after, price plunged 99%.

👉 Pinkfong, the Korean company behind Baby Shark, denied any link and warned of legal action, recognizing only BABYSHARK (Solana) and BSU (BNB Chain).

⚖ Issuer IP.World claimed valid licensing through BBF and BSU, but conflicting statements from Pinkfong co-founders exposed off-chain disputes.

🔍 Bubblemaps flagged insider wallets buying 70M tokens (~7% supply, $35M) at launch.

📉 Fallout also hit Story’s IP token, dropping from $12.9 → $7.2. The case shows how off-chain IP chaos + on-chain manipulation left retail investors burned—ironically reinforcing the need for transparent on-chain IP management.

#BabyShark #StoryProtocol #CryptoNews #cryptocurrency #JuExchange

#BabyShark#CryptoNews#JuExchange#StoryProtocol#cryptocurrency
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Lee JuCom

2025-09-28 10:53

🊈 Baby Shark token crashes 99% on Story Protocol

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詳现は利甚芏玄をご芧ください。

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