Crypto Investors Endure 25% Loss in April Fools Joke Gone Incorrect

Enjoyable news hit the crypto world on April 1, as Juicebox’s written content manager shared a jaw-dropping announcement of a whopping $69 million funding spherical, supposedly backed by the renowned Paradigm crypto enterprise money business.

Alas, the joy was brief-lived when it was unveiled as an elaborate April Fools’ Working day prank, leaving many JBX fanatics reeling from losses exceeding 20%.

The Hilarious Ruse by JuiceBox

The prank unfolded through a put up on X from the mysterious Briliegh.eth account, now privatized. This publish celebrated JuiceBox’s meant fundraising good results, thanking everybody included for their aid.

“Happy to announce our $69M fundraise!” read the submit. When no particular buyers ended up named, an graphic that includes Paradigm strongly hinted at their participation in the funding.

Quickly immediately after the expose, JBX tokens skyrocketed by above 40%, hitting $.0043 on CoinGecko data. Nonetheless, the merriment promptly turned into dismay when Briliegh.eth confessed to the hoax an hour later on. “Delighted April Fools’ day y’all!” the put up playfully declared, advising against investing in JBX for quick gains.

The unexpected fact led to a sharp drop in JBX value, plummeting by 25% to $.0033.

The aftermath stirred some disgruntlement among X users. In reaction to @spreekaway sharing screenshots of the first announcement, a single user puzzled, “What was even the punchline?” when one more jokingly remarked, “Off to jail.”

More Crypto April Fools Antics

A identical situation unfolded with Waves, as founder “Sasha” playfully hinted at an AI integration, producing a brief 5% surge in value right before reverting back again. Some users frowned on the joke, labeling it as sector antics.

On a lighter notice, Ethereum advocate David Hoffman faked his departure to be a part of Solana, humorously having on the job of “VP of Decentralization” at the Solana Basis. This lighthearted jest still left numerous chuckling instead than perturbed, provided his staunch Ethereum guidance.

BitMEX Analysis also joined the April Fools’ entertaining by joking about Grayscale Bitcoin ETF’s alleged steadiness amidst new outflows, afterwards clarifying the precise $303 million outflow on April 1.

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