On April 1, Juicebox’s content supervisor appeared to have actually revealed that the Ethereum-based crowdfunding platform had actually protected a phony $69 million financing round supported by the crypto equity capital business Paradigm.
It was later on exposed to be an April Fools’ Day trick, triggering JBX speculators to sustain losses surpassing 20%.
JuiceBox’s April Fools’ Day Joke
The news broke through a post on X by pseudonymous account Briliegh.eth, which has actually given that been made personal. The post declared that JuiceBox had actually protected a financing round, revealing thankfulness to the backers and fans for their function in the supposed accomplishment.
BUCKO https://t.co/OTBcPvBC79 pic.twitter.com/Ha9IYCiIna
— Spreek (@spreekaway) April 1, 2024
“Proud to reveal our $69M fundraise!” the post mentioned. Regardless of not clearly calling any financiers, a connected image including Paradigm highly indicated their participation in the financing.
Following the statement, JuiceBox’s native token JBX rose more than 40%, reaching $0.0043, according to CoinGecko information. The event was temporary, and an hour later on, Briliegh.eth admitted that it was all a trick. “Happy April Fools’ day y’ all!” the post exclaimed, warning speculators versus buying JBX tokens in anticipation of monetary gains.
The brand-new discovery triggered a decrease in JBX cost, with the token’s worth dropping by 25% to $0.0033.
The after-effects of the trick stimulated reaction from numerous X users. In reaction to Screenshots of the preliminary statement shared on X by @spreekaway, one user mentioned, “What even was expected to be the joke here?” while another exclaimed, “Jail.”
More Crypto April Fools Pranks
In a comparable occurrence, decentralized tech stack Waves experienced a short 5% boost in cost after its pseudonymous creator “Sasha,” revealed a phony combination with AI, just to go back to previous levels soon after. Some users slammed the joke, comparing it to market adjustment.
On a lighter note, April Fools saw David Hoffman, a popular Ethereum maximalist and Bankless co-host, reveal his phony departure from the ETH environment to sign up with forces with Austin Federa and Yakovenko at the Solana Foundation.
Unfortunate to reveal that my time at @BanklessHQ has actually ended
The Bankless objective still burns in my heart ♥
In pursuit of that objective, I’m entering VP of Decentralization at the Solana Foundation!
Stired to deal with @aeyakovenko & & @Austin_Federa on Solana!
pic.twitter.com/hinGwa3D6o
— DavidHoffman.eth/ acc (@TrustlessState) April 1, 2024
Hoffman joked about ending up being the “VP of Decentralization,” satirizing the typical criticism that Solana isn’t as decentralized as Ethereum. Provided his history of promoting for Ethereum, the statement left numerous entertained instead of annoyed.
APRIL FOOLS!
It’s $303m of outflow https://t.co/IqoyvgbS9m
— BitMEX Research (@BitMEXResearch) April 1, 2024
BitMEX Research likewise playfully recommended that Grayscale Bitcoin ETF experienced no outflows, satirizing the substantial outflows GBTC had actually seen in current weeks.