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Anon Inu, a “meme token” developed to combat Elon Musk and China’s coercive tactics against digital currencies, was announced by a group of unknowns on behalf of Anonymous. In a video on their personal YouTube channel, they discussed their ambitions to introduce a token.

There appears to be a new addition to the Dogecoin heirs list. This time, though, it will be utilized for a “cryptocurrency war” with people who have been caught by scammers posing as members of the Anonymous group manipulating the digital currency market.

Hackers launched “war” on Elon Musk in June, accusing him of disdaining the working people by manipulating the prices of various cryptocurrencies. On the other hand, China has been charged with imposing mining restrictions and prohibiting token transfers for local crypto market participants in the face of payment systems and blockchain firms. Furthermore, the film’s writers claim that the Chinese authorities are to blame for the most recent price swings in the most popular cryptocurrency on the market.

According to Anonymous, the cause of the instability was the advent of the digital yuan and the forced exodus of Chinese miners.

Although there is no clear path for the project, Anon Inu holders have already been promised to distribute free tokens, unique NFTs, and other benefits. At the same time, the organization stated that it plans to donate a portion of the token’s revenues to dog shelters.

Within hours following the announcement, the value of Anon Inu tokens soared to $0.00238 on PooCoinCharts. On Binance, the current exchange rate for DOGE, the “progenitor of meme coins,” is $0.176.

At the same time, the Anonymous BSC account, which leads the fight against cryptocurrency scammers, warned of probable Anon Inu founders’ fraud. They say that the initiative is supported by the same group that cheated AnonGate and GodToken investors in the past. In addition to the new project, which is a spoof of Dogecoin, the developers of ProjectMoon are Anonymous, who have disguised themselves as hackers.

With almost 6.5 million followers, a Twitter account affiliated to a real hacking group, @YourAnonNews, has previously denied involvement in the official Anonymous YouTube channel.

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