Some coins seemed promising, but behind the curtain, they hid real stories of fraud. Let me reveal some of them to you with solid evidence:
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1. SHIBA INU (SHIB) – The Fake Billionaire Dream
Secret:
Although it is a massive community project, a few wallets hold more than 50% of the total supply.
Evidence:
In May 2021, the coin's founder sent half of the supply to Vitalik Buterin's wallet (founder of Ethereum), who suddenly sold a massive amount, causing a 40% price crash within hours.
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2. HEX – The Fake Loyalty System
Secret:
The coin was promoted through the concept of "staking for profits," but the earnings didn't come from real activities — only from the money of new investors.
Evidence:
In 2020, analysts discovered that the promised returns were simply new coins being transferred from the treasury to early investors — meaning there was no real investment generating actual profits.
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3. SafeMoon – The Dark Moon
Secret:
Every buy or sell transaction had a 10% fee, causing small investors to pay heavily for any movement.
Evidence:
In April 2021, many new investors bought the coin, only to later discover that liquidity was manually controlled by the founding team, allowing them to quickly pull out funds and crash the coin’s value.
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4. Internet Computer (ICP) – The Mysterious Rise and Fall
Secret:
At launch, most retail investors were restricted from selling their tokens, while the project team and big investors sold at peak prices.
Evidence:
Within less than one month after the launch in May 2021, ICP’s price collapsed from $700 to under $50, causing billions of dollars in losses for regular investors.
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5. Terra Classic (LUNC) – The Financial Explosion
Secret:
The system was based on pegging a stablecoin (UST) through an unstable supply-demand mechanism.
Evidence:
In May 2022, UST lost its peg to the US dollar and fell below $0.10, leading LUNA to collapse from $120 to less than $0.0001 within just one week, wiping out 99.99% of investors' funds.
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Conclusion:
Behind every "shiny" coin, there is a hidden story.
Don’t trust the hype — always research the project's background, the team's credibility, token distribution, and liquidity strength.
Remember:
The real secret in crypto isn’t about getting rich fast; it’s about knowing how to protect yourself from fast traps of loss!
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We will discuss them in more detail in the upcoming articles.
Stay tuned for the next part of our list of scam coins!
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