Punisher Coin ($PUN) Presale Appears Unregulated, Nigeria’s SEC Issues This Warning!

Updated

June 10, 2025

Gambar Punisher Coin ($PUN) Presale Appears Unregulated, Nigeria’s SEC Issues This Warning!

Jakarta, Pintu News—The cryptocurrency market is always full of innovation and risk, but some offers may be too risky to pursue.

Recently, the Securities and Exchange Commission (SEC) of Nigeria issued a stern warning to the public to avoid investing in Punisher Coin ($PUN), a cryptocurrency.

According to the SEC, this product lacks regulatory approval and exhibits the hallmarks of a dangerous Ponzi scheme.

Check out the complete information here!

Warning from Nigeria’s SEC

The SEC of Nigeria has discovered that the Punisher Coin ($PUN) presale took place without the appropriate regulatory authorization. The agency asserts that the promoters behind this digital currency are unregistered and unauthorized to operate in the Nigerian capital market.

These concerns were compounded by misleading online promotions, one of which was an article from the Daily Trust E-Paper promoting Punisher Coin as a promising investment. Investigations conducted by the SEC show that Punisher Coin is an example of a ‘meme coin’ that generally has no real value, technical backing, or clear project objectives.

The value of such coins mostly comes from social media hype and buzz, which makes them vulnerable to ‘pump and dump’ schemes.

Meme Coin Investment Risks

🔔Public Notice🔔📣 pic.twitter.com/MZgYbxLBBB
— SEC Nigeria (@SECNigeria) June 7, 2025

Meme coins are often not backed by substantial real assets or projects, and their value relies heavily on popularity on social media.

A ‘pump and dump’ scheme is a practice where the price of a coin is deliberately increased through aggressive promotion. The promoters then sell their coins at a high price and leave investors with huge losses when the price falls.

Investors who are seduced by the promise of quick profits from investments like Punisher Coin face a big risk. Like many other meme coins, Punisher Coin attracts investors with the promise of huge profits in a short period of time. However, these investments become highly speculative and risky without technical support or clear project goals.

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Careful Steps Before Investing

Potential investors should do due diligence before deciding to invest in any digital asset. The SEC of Nigeria advises the public to thoroughly examine each digital asset and its promoters before investing.

Understanding the risks associated with investing in cryptocurrencies, especially potential Ponzi schemes, is the first step to protecting yourself from financial loss.

Investors are also advised to seek information from credible sources and avoid making investment decisions based on unfounded hype or promotions. Education on investment basics and understanding the capital market are key to avoiding investment scams and losses.

Conclusion

In the investment world, especially in the dynamic and innovation-filled cryptocurrency space, caution is key. The SEC of Nigeria has provided a clear and important warning regarding the risks associated with investing in Punisher Coin ($PUN). The public is expected to exercise caution and make informed and prudent investment decisions.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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