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About This Trend
FUNToken is a type of cryptocurrency token.
According to CoinDesk, the token's value has surged significantly in the past 24 hours, leading to a massive online buzz around it. The sudden spike in value is attributed to a recent pumps and dumps scheme, where a group of investors coordinated to artificially inflate the token's price. This scheme was allegedly orchestrated on social media platforms, leading to a widespread discussion around the issue. A report by CryptoNews also highlights the risks associated with such schemes, citing the lack of regulatory oversight in the cryptocurrency market.