🚀🚀🚀Old brand altcoin pump and dump trap, retail investors beware of becoming bag holders
Recently, many old brand altcoins have started to move, frequently appearing on the gainers list, hiding typical schemes to exploit retail investors
Recently, many worthless old brand altcoins like ZEC have started to pump and dump, first using small funds to create a false impression of an "oversold rebound" to attract retail investors' attention; leveraging the sentiment filter of "old brand coins" to mislead retail investors into thinking that "there's money buying the dip".
But the essence is a liquidity trap: these types of coins have low trading volume, not much real buying interest, and the cost to pump is very low. Once retail investors enter to buy, they will find themselves deeply trapped.
Without new funds entering, prices will continue to decline, returning to their real value; if the project has no substantial progress, after liquidity dries up, they won't even be able to find a counterparty to cut losses, and can only wait for the "next wave of retail investors," but may not have the chance for years.
In the crypto market, the "pump and dump" scheme of worthless coins is always repeating. Seeing the essence clearly and staying away from liquidity traps is the only way to protect your capital. Remember: real opportunities are hidden in valuable and growing projects, not in the "brief revival" of worthless coins.
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