Kanye West's Ex-Girlfriend Launches $MUVA Token, Surges 44,000% in Two Hours – A Scheme to Exploit Fans?

In recent years, many celebrities have dabbled in the cryptocurrency space, launching their own tokens. The list includes media personality Caitlyn Jenner, rappers Rich The Kid and Iggy Azalea, and Nigerian musician Davido. Today, American model, rapper, and actress Amber Rose joined the trend with her token $MUVA, which was released on social media platform X. Rose, who is known for her relationships with rappers Kanye West and Wiz Khalifa, has made a lot of noise by entering the world of cryptocurrency.

Amber Rose piggybacks on Trump’s traffic

Amber Rose recently posted a photo with former President Donald Trump, seemingly trying to use his influence in the meme coin community to boost the appeal of her token.

ZachXBT reveals Rose’s previous involvement in cryptocurrency scams

Blockchain detective ZachXBT was quick to highlight Rose’s previous involvement in cryptocurrency scams. In response, Rose admitted her past mistakes and promised to be more knowledgeable and committed to her new project. She promised long-term cooperation and transparent communication with the community.

In response to ZachXBT's accusations, Amber Rose also posted a message early this morning admitting her previous mistakes and promised to participate in the operation of the project for a long time after issuing tokens:

At the time, I did not fully understand the nature of paid promotion in this field. Looking forward, I want to assure you that I will be committed to this project for a long time and actively participate in it. My goal is to provide transparent and informed communication to our community.

ZachXBT broke the news that the Rose team sold $308,000 worth of $MUVA

Despite these assurances, ZachXBT reported that Rose's team began selling shortly after launching the $MUVA token. Transactions traced to four addresses, suspected to be related to Rose's team, showed a large amount of selling activity. One wallet alone sold tokens worth about $308,000.

$MUVA opened up 44,000%

Before the official release, $MUVA was already a hot topic. After the launch, the token’s price surged by 44,000% from $0.00005611 to $0.02483. As of now, the price has adjusted to $0.01229, reflecting a 21,632% increase in the past 24 hours.

MUVA price Source: dexscreener