Why do I say that most knockoff coins are very trashy?
These people issue coins purely to cut the leeks.
Just like the contract for coin $MYX , both shorting and longing will take your money.
It has gone on Binance contracts but not on spot trading, controlling over 99%.
When the spot market is not being pumped, no one cares; when it is pumped, it’s even less likely that anyone will enter, with no selling pressure, using contracts to force shorts and longs.
I estimate that quite a few have died in the hands of this coin in the past couple of days.
The same goes for the pile of new coins that have recently been launched.
