Bastille BTC Exposed: Penguin Token’s Scandal!

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Penguin Token took a nosedive, as if tripping over its own tail, after the dastardly exposure of Bastille BTC as a developer-sparking sell-offs with the flair of a tragic opera.

Penguin Token crashed sharply after market participants linked its development to crypto influencer Bastille BTC. A scandal as predictable as a Shakespearean twist, yet no less thrilling.

Selling pressure increased as more holders reacted to claims of misconduct and disputed creator rewards. One might say they were “dumping” with the enthusiasm of a Victorian lady discarding a scandalous letter.

Penguin Token Price Falls After Developer Identity Emerges

Penguin Token prices dropped to new lows as information about its developer circulated widely. The gossip mill of the blockchain world never sleeps, does it?

Blockchain users shared claims that Bastille BTC was behind the project. Trading activity increased, but most orders showed selling intent-proof that trust is a fragile thing, much like a teacup in a hurricane.

The Penguin token have started dumping after everyone found out that a scammer and Larp influencer known as Bastille Btc is the developer.

– The Wolf Of Crypto Streets (@W0LF0FCRYPT0)

Data from on chain trackers showed rapid exits by smaller wallets and several larger holders. A mass exodus, if you will, as if the Titanic had a liquidity crisis.

Liquidity thinned as confidence weakened, and spreads widened across trading pairs. The decline continued as social channels amplified the claims-proof that gossip travels faster than a meme in a meme-filled world.

Some traders cited trust concerns, while others focused on unresolved questions about token control. One wonders if the original creator is now sipping tea in a quiet corner, wondering how it all went so wrong.

No official statement from the Penguin Token team addressed the claims during the initial sell-off. A silence as eloquent as a well-timed pause in a play.

Allegations of Creator Reward Misappropriation Surface

Reports claim Bastille BTC worked with Pump.fun to access creator rewards meant for the original token creator. A conspiracy as intricate as a spy novel, but with more crypto jargon.

The disputed amount reportedly exceeded $300,000. These claims spread across X and Telegram groups like wildfire-though one suspects the fire was lit by a particularly zealous meme.

The penguin token keeps dumping to even lower prices after more holders found out that the scammer Bastille btc connived with pumpfun to steal the creator rewards of over $300,000 from the original creator of the token

Please make it stop.

– The Wolf Of Crypto Streets (@W0LF0FCRYPT0)

Wallet tracking posts suggested that Bastille BTC earned over $200,000 in creator rewards. The rewards were linked to the viral growth of the Penguin memecoin. A rise as sudden as a Broadway curtain call.

No court filings or regulatory actions were confirmed at publication time. A mystery as deep as the Mariana Trench, with no sign of a rescue party.

A post shared by a community member stated, “The original creator lost access to rewards after control shifted.” A tale as tragic as a lost love letter, though no one has yet verified the plot.

The statement has not been independently verified. Pump.fun has not released a public response. A silence as thick as a London fog-though perhaps less refreshing.

Market Reaction Intensifies as Holders Exit Positions

Selling accelerated as more holders became aware of the allegations. Several traders cited reputational risk tied to Bastille BTC. One might say they’re avoiding the scandal like a well-dressed gentleman avoiding a muddy puddle.

Others focused on uncertainty around token ownership and revenue rights. A puzzle as baffling as a riddle from a cryptic oracle.

Price charts showed consecutive lower lows over multiple trading sessions. Volume spikes coincided with social media updates about the alleged scheme. A rollercoaster ride with no safety harness.

Automated trading bots also appeared to amplify downward moves. A mechanical menace, if you will, as relentless as a ticking clock.

Market observers noted that memecoins often react strongly to developer-related news. A truth as obvious as the sun rising in the east-though perhaps less predictable.

Penguin Token followed a similar pattern as sentiment weakened. No recovery signal had formed at the time of reporting. A future as uncertain as a Shakespearean ending.

Related Reading: White House Post Sends Solana Memecoin PENGUIN From $387K to $94M

Lack of Official Clarification Maintains Uncertainty

Neither Bastille BTC nor the Penguin Token project issued a detailed clarification. The absence of formal communication left holders relying on public claims. A situation as frustrating as a locked diary with no key.

This gap added to volatility and confusion. Community moderators removed some posts, while others remained active. Screenshots and wallet links continued circulating. A digital detective story with no clear culprit.

Verification remained limited, and narratives differed across platforms. A chorus of voices, each with their own version of the tale-though none with a definitive ending.

Until verified disclosures emerge, trading behavior remains cautious. Participants continue to monitor on chain data and official channels. A wait as tense as a suspenseful scene in a thriller.

Price action reflects uncertainty rather than confirmed outcomes. A market as fickle as a London weather forecast.

 

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2026-01-26 12:57