These days, altcoins in the crypto world can be described as wildly volatile, with occasional tenfold increases. RAVE, manipulated by the whales, saw its price surge dozens of times over a few days. Although most of these rises end in crashes, such momentum still attracts many aggressive investors hoping for the next "RAVE."



Taking advantage of this hype, some project teams are frantically harvesting profits. FF started at $0.07 on the early morning of the 11th, surged to $0.18 within an hour, then plummeted. The current price is only $0.07786, leaving late buyers trapped.

INX is even more outrageous. After doubling in price, the team directly sold $400k worth of tokens to unlock more, causing the price to halve. And they didn't even bother to hide it; on-chain data clearly shows the project team dumped tokens.

Both of these are "star projects" that previously raised huge amounts of funding—FF raised $20 million, and INX secured $65.3 million.

They should be focusing on building a solid ecosystem, but instead, they rely on scams and dumping to drain liquidity, which is truly disgusting.

Retail investors, stop betting on catching the next RAVE. Tokens that are deliberately pumped are all traps. Only by protecting your principal and staying away from altcoins can you survive in the crypto space.
BTC1.58%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • 11
  • Share
Comment
Add a comment
Add a comment
MempoolMaggie
· 1h ago
On-chain, you can see the team’s address dumping, yet so many people are still rushing in. FOMO is just too scary.
View OriginalReply0
HorseRidingSky
· 9h ago
Hop in the car!🚗
View OriginalReply0
GateUser-53a6e1a8
· 9h ago
This kind of one-hour pull and one-week crash in the market, just a glance at the candlestick chart reveals it's not meant for retail investors to get rich.
View OriginalReply0
AutumnTranquility
· 04-15 08:05
$BTC This kind of market trend should still return to the main line; short-term speculation on copycat projects is okay, but don't confuse "gambling" with "investment."
View OriginalReply0
UnderTheWisteriaBridge
· 04-15 07:58
Can you compile the addresses of projects that dump their tokens into a blacklist to help newcomers avoid falling into traps?
View OriginalReply0
YieldBento
· 04-15 07:49
It really cuts deep.
View OriginalReply0
ZenOfZK
· 04-15 07:48
The more "celebrity-funded projects" there are, the more cautious you should be. Raising money doesn't mean they'll get things done; they might even be setting up a trap.
View OriginalReply0
GoToSleepAfterMinting
· 04-15 07:47
The temptation of fake projects multiplying tenfold these days is indeed strong, but most people only see the price increase and don't realize how harsh the liquidity withdrawal was.
View OriginalReply0
OrigamiVolcano
· 04-15 07:47
INX directly unlocking and throwing away $400k is just too outrageous, they don't even want a fig leaf anymore.
View OriginalReply0
PeacockSpreadsItsFeathersBut
· 04-15 07:43
Ultimately, retail investors shouldn't always try to catch the next RAVE; the odds aren't in your favor. Preserving your principal is the top priority.
View OriginalReply0
View More
  • Pin