**$DOGS Token Alert: Is This a Classic Pump-and-Dump Scheme? 🚨**
The DOGS token is raising major concerns. With its current price at $0.0011077 and a 1.29% drop, attention is focused on the significant amount of DOGS supply held by centralized exchanges (CEXs) without any lockup period. This situation could be setting the stage for a dangerous pump-and-dump scheme.
Here’s the issue: CEXs could artificially inflate the price of DOGS by triggering a buying frenzy, only to dump their large holdings and cause the price to crash. Retail investors who buy into the hype too late might end up holding overvalued assets as prices nosedive.
A recent tweet from LeonidasNFT has heightened fears of market manipulation, serving as a critical warning for all investors: Be wary of tokens controlled by a few entities with unclear selling conditions.
Transparency in tokenomics, including clear lockup periods and detailed distribution plans, is essential. Without these, the risk of manipulation is high, endangering both the token’s future and investor confidence. Stay cautious!