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Why Are There Random Token Balances Appearing In My Wallet?
Why Are There Random Token Balances Appearing In My Wallet?
Updated over a week ago

Sometimes, you may notice random token balances appearing in your Coinosh wallet. This can happen because certain cryptocurrency projects distribute tokens through a process called "airdrops." Airdrops involve giving away tokens to the community, either as a way to promote the project or as a form of spam.

In some cases, airdrops are targeted to specific users based on certain criteria, while in other cases, tokens are distributed to all users who hold a certain cryptocurrency, such as Ethereum.

Since your Ethereum address is public on the blockchain, anyone can send tokens to your address without any restrictions. While some airdrops may be valuable and have the potential to appreciate in value, many airdropped tokens have little to no value.

Therefore, if you see random token balances in your wallet, it is likely the result of such airdrops. You can choose to ignore these tokens unless you believe they have genuine value or are from a reputable project like Uniswap or 1inch.

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