April

Crypto speculators incurred a 20% loss on JBX after it was revealed that the $69 million funding from Paradigm was just an April Fool’s joke. 
Juicebox, a multipurpose <a href="https://crypto.news/tag/dao/" target="_blank" rel="noreferrer noopener">DAO</a>-tooling platform, marked April Fool’s Day uniquely by boosting its native token JBX by 25%. However, the celebration was short-lived as the token plummeted by 18% following the revelation that the purported multi-million funding from <a href="https://crypto.news/tag/paradigm/" target="_blank" rel="noreferrer noopener">Paradigm</a> was merely an April Fools’ joke orchestrated by Juicebox’s content manager. 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 BUCKO <a href="https://t.co/OTBcPvBC79" target="_blank">https://t.co/OTBcPvBC79</a> <a href="https://t.co/Ha9IYCiIna" target="_blank">pic.twitter.com/Ha9IYCiIna</a>— Spreek (@spreekaway) <a href="https://twitter.com/spreekaway/status/1774888303847690291?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">April 1, 2024</a>
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According to a screenshot <a href="http://twitter.com/spreekaway/status/1774888303847690291/?data=byu43cryptohysd0newshi7sgd" target="_blank" rel="noreferrer noopener">shared</a> in an X post by @spreekaway, Juicebox’s content and marketing manager Brileigh (also known as brileigh.eth) announced on their page on Apr. 1 a $69 million funding for Juicebox. Although the announcement didn’t explicitly name any investors, the attached image featured Paradigm, a web3 venture capital firm, implying its participation in the funding. 
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 “Thank you to our backers and supporters – this is just the beginning.” 
 brileigh.eth 
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 You might also like: <a href="https://crypto.news/code4arena-x-account-compromised-used-for-paradigm-endorsed-phishing-scam/"> Code4arena X account compromised, used for Paradigm endorsed phishing scam </a> 
Crypto.news was unable to verify the announcement as Brileigh promptly set their X account to private. Following the funding news, Juicebox’s native token JBX surged by 40% in value, propelled by speculators driving its price to $0.0043, a level not seen since February. 
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 <img loading="lazy" decoding="async" width="1024" height="550" src="https://crypto.news/app/uploads/2024/04/hdsuyfhldsyhf-1024x550.png" alt="Juicebox's JBX speculators hit with 20% losses after April Fool’s day prank - 20" class="wp-image-14262650">
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 JBX price in USD | Source: CoinGecko
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Yet, the price surge was short-lived, as in follow-up posts made an hour later, Brileigh confessed that the news was just a prank, cautioning speculators against purchasing JBX tokens “in anticipation of financial gains on April Fools’ Day.” The revelation triggered a sharp downturn in JBX price, leading to a loss exceeding 20% as it plummeted to $0.0034, as per data from CoinGecko. 
As of the latest update, Juicebox hasn’t made any public statements regarding the matter, leaving speculators grappling with the aftermath of the prank. 
 Read more: <a href="https://crypto.news/ecb-president-unveils-plans-to-control-cbdc-payments-during-prank-call/"> ECB president unveils plans to control CBDC payments during prank call </a>

Juicebox’s JBX speculators hit with 20% losses after April Fool’s day prank

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