Just last night, a harvesting game called 'SHAR' shattered the dreams of countless cryptocurrency dreamers of getting rich!
Have you ever fantasized about seizing that 'meme' in the cryptocurrency wave that could make you rich overnight? Last night, the SHAR token streaked across the night sky like a meteor, instantly attracting the attention of countless people. From an opening market value of $9 million to a spike of $20 million, and then to a peak close to $60 million, everything seemed to indicate that this would be a new legend.
But do you know? Behind this seemingly glamorous feast lies a meticulously planned 'Pump & Dump' scam. Just as you are immersed in the dream of getting rich, a mysterious address gathered 500 million SHAR from over 100 addresses in less than 2 minutes, selling it all for a profit of nearly $3 million! This directly caused the market value of SHAR to plummet from $40 million to $3 million, like a magnificent magic trick that instantly turned your wealth to nothing.
Are you also wondering why people still fall for such an obvious scam? In fact, it cannot be separated from the so-called 'KOL' (Key Opinion Leaders) who fan the flames. They use their influence to endorse the SHAR token, causing countless retail investors to flock to it. But do you know? These KOLs may just be 'strawmen' for the project, and their purpose is to make you believe that this token has investment value, so you will willingly take out your wallet.
And when you realize you’ve been scammed, it is already too late. After draining the pool, the SHAR project party not only did not take responsibility but instead shifted the blame to those KOLs. They claimed to be affected by FUD (Fear, Uncertainty, and Doubt) and could not continue operating the project. But do you know? This is just an excuse they made up to evade responsibility.

So, does this harvesting game of the SHAR token mean that the death knell for memes has already sounded? Not necessarily. Although the failure of SHAR has made many lose faith in memes, there are still those chasing the dream of getting rich in the cryptocurrency world. Because in this world full of uncertainties, there are always people willing to take risks for that slim chance of wealth.
But please remember, the cryptocurrency world is not a casino, nor is it a shortcut to getting rich overnight. On the road to pursuing dreams, we need to keep a clear mind and rational judgment. Do not blindly trust those so-called KOLs and project parties, and do not let momentary greed blind your eyes.
In this cryptocurrency carnival, we must not only learn to recognize scams but also learn to protect ourselves. Because only in this way can we sail through the waves of cryptocurrency and not be washed up on the beach.
For more WEB3 & AI analysis, please visit: mlion.ai
The above content is for informational sharing only and does not constitute any investment advice! Investment carries risks, and caution is needed when entering the market!
Follow me for more market news every day!