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

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Crypto speculators incurred a 20% loss on JBX after it was revealed that the $69 million funding from Paradigm was simply an April Idiot’s joke.

Juicebox, a multipurpose DAO-tooling platform, marked April Idiot’s Day uniquely by boosting its native token JBX by 25%. Nonetheless, the celebration was short-lived because the token plummeted by 18% following the revelation that the purported multi-million funding from Paradigm was merely an April Fools’ joke orchestrated by Juicebox’s content material supervisor.

In response to a screenshot shared in an X put up by @spreekaway, Juicebox’s content material and advertising supervisor Brileigh (also referred to as brileigh.eth) introduced on their web page on Apr. 1 a $69 million funding for Juicebox. Though the announcement didn’t explicitly title any traders, the connected picture featured Paradigm, a web3 enterprise capital agency, implying its participation within the funding.

“Thanks to our backers and supporters – that is just the start.”


Crypto.information was unable to confirm the announcement as Brileigh promptly set their X account to personal. Following the funding information, Juicebox’s native token JBX surged by 40% in worth, propelled by speculators driving its value to $0.0043, a stage not seen since February.

Juicebox's JBX speculators hit with 20% losses after April Fool’s day prank - 1
JBX value in USD | Supply: CoinGecko

But, the worth surge was short-lived, as in follow-up posts made an hour later, Brileigh confessed that the information was only a prank, cautioning speculators towards buying JBX tokens “in anticipation of monetary positive factors on April Fools’ Day.” The revelation triggered a pointy downturn in JBX value, resulting in a loss exceeding 20% because it plummeted to $0.0034, as per knowledge from CoinGecko.

As of the most recent replace, Juicebox hasn’t made any public statements relating to the matter, leaving speculators grappling with the aftermath of the prank.

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