• Elon Musk’s tweet sparked the emergence of ChatGPT tokens in abundance.
• Crypto security company PeckShield discovered a wave of pump-and-dump schemes using the popular AI as a cover for scams.
• Following Elon Musk’s suggestion, TruthGPT chatbot was launched on Telegram and its native token, TruthGPT (TruthGPT) has gained popularity.

Elon Musk’s Tweet Sparks Emergence of ChatGPT Tokens

Elon Musk’s tweet on February 17th, 2023, inspired the emergence of ChatGPT tokens in abundance. Crypto security company PeckShield recently announced that there had been a wave of fraudulent pump-and-dump schemes using the popular artificial intelligence as a cover for scams. Two schemes have an unusually high sell tax rate while another two have dropped by 99%. Moreover, PeckShield indicates that one serial crypto scammer is responsible for over ten new smart contracts deployed using honeypot technique.

TruthGPT Launched On Telegram After Elon Musk’s Suggestion

Following Elon ‚Chief Twit‘ Musk’s suggestion, TruthGPT chatbot went live on Telegram two days later with an indie alternative to ChatGPT and quickly gained popularity on Telegram for having a sense of humor. Its native token TruthGPT (TruthGPT) has 728 holders on the Ethereum (ETH) network and is priced at $0.007 with a total market value of $7,707,676 according to Poocoin.app.

PeckShield Discovers Wave Of Pump-And-Dump Schemes

Crypto security company PeckShield recently reported that there had been a wave of fraudulent pump-and-dump schemes using the AI as cover for scams. According to the report, two schemes have an unusually high sell tax rate while another two have dropped by 99%. Moreover, PeckShield indicates that one serial crypto scammer is responsible for over ten new smart contracts deployed using honeypot technique.

Honeypot Techniques Discovered By PeckShield

Deployer 0xb583 has successfully scammed using honeypot techniques by deploying susceptible contracts and baiting victims with money. #PeckShieldAlert tweeted about dozens of newly created #BingChatGTP tokens which turned out to be 3 honeypots and 2 had high sell tax rates out of which 2 already dropped over -99%.

Conclusion

In conclusion it can be seen that following Elon Musk’s tweet about needing „a truth telling robot themed cryptocurrency“, Truth GTP chatbot was created with an objective personality and consequently its native token “Truth GTP” also gained popularity among crypto users due to its sense of humour . However , some malicious activities were also noticed such as creating several fraudulently smart contracts along with honey pot techniques being used by certain criminals to deceive people into investing their money in false promises .