Secrets and hidden aspects of fraudulent coins you should never invest in, they will take your money (with evidence) 🚨🚨
There are coins that seemed promising, but hid behind their facade real stories of fraud. Let me reveal some of them with evidence:
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1. SHIBA INU (SHIB) – The false billion dream
The secret:
Although it is a huge community project, a few wallets hold more than 50% of the total coin.
Evidence:
In May 2021, the founder of the coin sent half of the supply to Vitalik Buterin's wallet (the founder of Ethereum), who suddenly sold a massive amount, causing the price to crash by 40% within hours.
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2. HEX – The fake loyalty system
The secret:
The coin was promoted through the idea of "staking," but the profits did not come from real activity but from the funds of newcomers.
Evidence:
In 2020, analysts discovered that the returns promised by the project were simply new coins being transferred from the vault to early investors... meaning there was no real investment generating profits.
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3. SafeMoon – The dark moon
The secret:
For every purchase or sale, 10% is deducted, making small investors pay for every move.
Evidence:
In April 2021, many new investors were buying the coin, but later discovered that the liquidity was managed manually by the founding team, which made it easy for them to withdraw funds quickly and deprive the coin of its value.
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4. Internet Computer (ICP) – The mysterious rise and fall
The secret:
At launch, most individual investors were not allowed to sell their coins, while the project team and large investors were able to sell at the highest prices.
Evidence:
Within less than a month of the launch in May 2021, the price of ICP collapsed from $700 to less than $50, causing billions in losses for ordinary investors.
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5. Terra Classic (LUNC) – The financial explosion
The secret:
The system was built on linking a stablecoin (UST) to an unstable supply and demand mechanism.
Evidence:
In May 2022, the UST coin lost its peg to the dollar and dropped to less than $0.10, leading to the collapse of the accompanying LUNA coin from a price of $120 to less than $0.0001 within just one week, with investors losing 99.99% of their money.
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Summary:
For every "shiny" coin, there is a hidden story.
Do not trust the hype, and always look for the project's background, team, distribution ratio, and liquidity size.
Remember:
The secret in crypto is not to win quickly, but to know how to protect yourself from the traps of quick losses!
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We will discuss them in detail in upcoming articles, and stay tuned for the next installment of the remaining list of fraudulent coins!
Please share to raise awareness
$SHIB
$ICP