⚠️ CTXC SCAM DANGER💀
Analysis of the recent patterns of the Cortex (CTXC) cryptocurrency raises legitimate concerns about possible market manipulation. After reaching the $1 mark, the coin experienced a sharp drop of over 50%, followed by attempts to recover that quickly reversed into further significant declines. Such irregular behavior, especially in a short period of time, could indicate manipulations, such as coordinated sales or manipulation of buy and sell orders by large holders, also known as "whales".
In addition, the lack of consistent updates and adequate responses from the development team, even after repeated complaints from the community, is alarming. Solid projects usually have transparency and active communication with their investors, which does not seem to be the case here. This increases the risks for investors, especially for those who cannot afford significant financial losses.
High trading volumes, concentrated on a few exchanges such as Binance and OKEx, could also be a warning sign. This type of concentration can facilitate manipulative activities such as “pump and dump,” where the price is artificially inflated to attract investors before a massive selloff by manipulators.
Based on these factors, it is crucial that investors carefully assess the risks before investing more capital in this cryptocurrency. History shows that coins with rapid declines and similar behavior patterns often turn out to be financial traps or projects without real sustainability.