TechFlow News — Cryptocurrency analyst "Degenomics" tweeted that over the past 24 hours, KPER and KORE—forked tokens of Keep3r Network's KPR and CORE—plummeted sharply. After developers minted large quantities of tokens to drain liquidity from pools, both tokens are now trading at nearly zero. Keep3r Network is a decentralized experimental project created by YFI founder Andre Cronje. It surged 15,000% within a day of its public release. CORE, described as a "money game," spiked 400% within one day of launch, reaching a market cap of $40 million in its first day before climbing further. Following the massive success of these projects, speculative developers launched multiple forked versions aiming to profit. Unfortunately, many of these forked projects have proven to be scams or, at the very least, "cash grabs" lacking legitimate products or innovation.
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