Juicebox, a versatile DAO tooling platform, celebrated April Fool's Day by boosting their native token, JBX, by 25%. However, the joy was short-lived as the token experienced an 18% drop after it was revealed that the announced $69 million funding from Paradigm was simply an April Fools' prank orchestrated by Juicebox's content manager.
A screenshot shared by @spreekaway showcased Juicebox's content and marketing manager, Brileigh, announcing the substantial funding on April 1. Although the announcement hinted at involvement from Paradigm, a web3 venture capital firm, no specific investors were named.
Following the funding news, JBX's value surged by 40%, reaching $0.0043. However, this rapid increase proved to be temporary. In subsequent posts, Brileigh admitted that the news was a joke and cautioned against speculators purchasing JBX tokens for profit on April Fools' Day. This announcement caused the token's price to drop by over 20%, falling to $0.0034.
As of now, Juicebox has not issued any official statements regarding the situation, leaving speculators to deal with the consequences of the prank.
