Exposing scam coins, the garbage coin OM!
Coins like OM are similar to APE from back in the day. Whether these scam coins are colluding with exchanges is uncertain, but their methods of scamming are the same. First, these scam coins experience a dramatic rise, attracting trend-following traders, with candlestick charts looking very strong, like a soaring premium Maotai. Just when it's about to cut you, it instantly crashes, leaving no bulls behind.
For us experts, it's easy to see through these scams, but I was still caught by this bastard. I shorted around 6, just like when I shorted APE at 20. I know these are garbage coins, worthless scraps that will go to zero, and I slowly played along... Who knew these bastards would trap you with funding rates? They charged you 4 times a day for funding rates back when APE was around, and this OM is even worse, charging you 6 times, with funding rates reaching a point. In a day, you could lose 5 to 6 points, can you really hold on long-term waiting for it to go to zero? This is the most disgusting and shameless method. No matter the market direction, these scam coins will take your money...
Lastly, a piece of advice for those looking to bottom fish this coin: don't touch it. These vile operators have no morals, and if you want to bottom fish, it'll just drop another 90%.
I write this to educate the many newcomers, telling everyone to avoid touching garbage coins. Garbage coins can only be traded quickly in and out. If no one plays these scam coins, then naturally, more quality projects will emerge.
