On February 10, 2025, a fake account of the President of the Maldives, Mohamed Muizzu, appeared on X, announcing the launch of the MLDVS token. The token’s market cap peaked at nearly $2 million but quickly dropped to $29,000
It turned out that the account was created by scammers to promote their scam. The real account of the president has a different identifier and was created much earlier
Be careful online and always check your information sources!