The death of Ozzy Osbourne triggered dozens of scams in Solana
The death of the musician Ozzy Osbourne on July 22 triggered a wave of scams in the Solana network, where at least 45 tokens with names such as “Ozzy”, “Rip Ozzy” or “Ozzy” were thrown on platforms such as Pump.fun.
These digital assets, designed as Memecoins, attracted investors and speculators with the expectation of fast profits, but the creators of those tokens They executed scams of the type Rug-Pulls and Pump-And-Dump.
These fraud mechanisms, which make similar strategies artificially inflating the price of an asset before collapse, caused losses over $ 325,000 (about $ 1.625).
An emblematic case is the Token Ozzy. On July 22, its price in Pump.Fun rose from 0 to 0.00000012 dollars quickly, just to fall 33% to 0.00000008 dollars a few minutes later. At the close of this edition, the value collapsed an additional 50%, reaching 0.00000004 dollars.
The volatility of Ozzy’s price is an indicator that those who created it carried out a pump and dump: The price rose and fell suddenly.
The Ozzy Contract Directorate, 2onpqt48SFYWJWZCFZSMQTJN5LXW5WFXABEN9J1ABONK, shows that the Token coined at 18:24 of July 22, next to the death of Ozzy Osbourne.
However, the price began at 18:05 in Pump.fun. This difference is explained because in solscan the “First Mint” (first broadcast) marks the official record in the chain, while Pump.fun allows listing tokens before its complete verification, taking advantage of the creation speed in Solana.
Additionally, as seen in the previous image (in the red box), section “Tokens extensions“(Tokens extensions) has the label”False” (fake).
In Solana, the Token extensions add different functionalities to tokens, such as Transfer Hook (personalized logic in transfers), Metadata Pointer (data as name or logo), Immutable Owner (immutable owner) and Mint Close Authority (coinage closure).
In that context, The word “false” indicates that the token lacks those characteristics, Something common in Memecoins, such as those linked to scams after Osbourne’s death. This suggests speculative or fraudulent ends, such as Rug-Pulls or Pump and Dumpand increases the risk due to lack of official metadata.
Another example is the memecoin RIP Ozzy Osbourne (Rip Ozzy), whose contract is 4RSMH2CJ1YKFSTQXGTV8JABSPCF6YGADRVQ1PkyBONK. This Token was also created on July 22 and the movement of its price resembles the Ozzy case, as seen in the following image:
Additionally, introducing the expression “Rip Ozzy” in the internal search engine of the Pump.fun platform it can be seen that over the last day at least 45 memecoins linked to the singer’s death were created.
Most of them (if not all) reflect in their price graphs the same patterns as the two that were previously reviewed in this article.
In addition to these patterns, these memecoins linked to Ozzy Ousbourne record low market capitalization (around 5 thousand dollars), which reflects a low adoption or sustained interest, common in speculative, fraudulent or memecoins projects promoted by Hype Temporary, where the value depends more on emotion than on solid foundations.
On the other hand, and as Cryptonoticia explained, minutes after the death of the 76 -year -old British musician was confirmed, the official non -fungible tokens collection (NFT) called Cryptobatz 594%shot.
