Why do I say that most knockoffs are really garbage?
These people issue coins purely to harvest retail investors.
Just like the $MYX contract, whether you short or long, they take it all away from you.
It went on Binance futures but not on spot, controlling over 99%.
When the spot wasn't being pumped, no one paid attention; when it was pumped, it was even less likely that anyone would buy in, with no selling pressure, exploiting futures to blow up short and long positions.
I estimate that quite a few have perished in this coin over the past couple of days.
Also, the recent launch of a bunch of new coins is the same.
$BTC
