MOCO, the next PEPE?
Recently, many people have seen a meme coin called MOCO on Binance Square. It has skyrocketed 100 times in just two days. Many people have started to call orders, take over orders, and fantasize about a thousand times or even ten thousand times.
But will things really go as we wish? Through the observation of the past two days, we found that:
1. The first place in Top Traders (30-day trading ranking) has never bought coins, but only sold them, and has made a lot of money.
—— How did he get the coins? He transferred them directly to himself at the moment of deploying the contract, which is called "zero-cost cashing out". The other top ten addresses are all "sell > buy", calling orders and cutting leeks at the same time.
2. 99.9999% of the coins are burned into the black hole? It sounds fair? But there will be no behind-the-scenes if there is no team reservation? Don't be naive.
—— Transferring coins to multiple addresses and pretending to be scattered are actually a bunch of small accounts cooperating to slowly ship.
3. The bubblemaps marked "CZ Binance" does not mean that this is the personal address of Changpeng Zhao (CZ). In the cryptocurrency circle, the address label may be automatically generated by the community or tools, and may not be accurate.
The project posted a message calling for "revolution" and advocating that others are junk coins (FOUR & PUMP), but we are the real MEME.
Top holders are shouting orders while selling.
Do you think it has risen? It has indeed risen. The square post did have 28 zeros in the first two days, but some people did not discover it at the first time. When they found it, they had already been hyped up and could not get the first-time dividends.
So after buying it, it did not rise but fell, and they complained everywhere. In fact, it is very simple. The latecomers have become the meal of the issuer and the square braggarts.
A reliable project usually has an official website, a white paper and clear team information. MOCO only has X posts. The so-called "innovation" is just a lot of zeros added to the price, which is completely meaningless.
When you are still fantasizing about whether it can rise again, the arbitrageurs have already left, leaving only some retail investors in the internal roll.
MOCO? The next PEPE? Nothing!
Invest rationally and don't blindly follow the trend.