$GPS
GPS – A Sophisticated Scam or a Young Project Facing Difficulties?
The crypto market is not short of spectacular scams, and it seems GPS is gradually being pushed onto the blacklist in the eyes of investors. From an impressive opening price, GPS quickly plummeted without brakes just after a few trading sessions, wiping out tens of millions of USD in market capitalization. The development team has almost been "silent" in the face of questioning from the community, which raises further suspicions of a planned dumping scheme.
Many investors accuse the team of creating a perfect scenario: Strong hype – Listing on a major exchange – Pushing the price high – Gradually dumping to the bottom. Commitments regarding the product and practical applications of GPS are now just words on paper, while investors' pockets are increasingly "flattened."
Is GPS truly a scam of the century, or just a victim of the bear market and panic psychology? Perhaps only time will provide the answer. But a valuable lesson has been learned: Not every project that lists on a major exchange is trustworthy!
