 | It all started 3 days ago when Vitalik ( one of the founders and the most popular person related to Ethereum ) tweeted this: It was a joke. A pretty clear one. But we all know what happened EXACTLY at that moment. Somebody literally created the project within hours. So I've been looking up said project because I love charts and can only imagine how much it already pumped. And I came across this : Within a single minute of Vitalik tweeting about it the Shitcoin pumped +3000% and... it already sold off again. ( suprised pikachu face ) This gives me some strong Squid Game token vibes. Creating a crypto based on a trend, let liquidity build up and people pump it up, proceed to dump your entire bag and drain entire liquidity out. Arguably you can say that "oh but it's already up so those buying early profit out of it" Yea but at the same time 999/1000 people are the exit liquidity after doing so. Crypto is full of pump & dump schemes and every day there's new coins being created causing hype, whales manipulating them and scamming people at the end. Watch out in what you invest! And always remember - we are in the middle of a bear market. Top crypto are on a fire sale right now. Might be a better idea going for a 2-10x on a solid project then trying to find a 100-1000x between tons of scam coins. [link] [comments] |
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