Creator of meme coin PSYOP, Ben.eth, launches new token BEG with a 57% increase in the first half hour of trading.

On November 6th, Twitter KOL and meme coin creator Ben.eth announced the new token BEG contract on social media. According to market data, BEG is currently priced at $5.56, with a 57% increase in the first half hour of trading. Ben.eth has been controversial for repeatedly releasing meme coins that have caused losses to fans. As previously reported by BlockBeats, Ben.eth raised about $7 million through the sale of the PSYOP meme coin. Loevy & Loevy partner Mike Kanovitz accused Ben.eth of intentionally misleading token buyers and establishing an incorrect structure for the liquidity pool in the PSYOP project. The promised slow release of tokens was also false, and 90% of the PSYOP distribution that was supposed to be allocated to investors has not yet been released. Ben.eth is suspected of wire fraud, which could force him to pay $21 million in compensation. If Ben.eth does not return the funds to investors, Loevy & Loevy will file a class action lawsuit against him in Arizona.