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How I Lost $100 in a Pre-Market Coin Scam โ Learn from My Mistake! ๐
When Binance announces a new coin listing, (WCT) we all want that early entry for max gains. But here's how scammers take advantage of the hype โ and how I got burned:
๐ฐ The Trap:
Before the official launch, I searched the coin name in my wallet (like Trust Wallet or MetaMask), found a match (WCT), and swapped my USDT thinking I was early.
๐จ The Reality:
That token had the same name, but it was fake โ created by a scammer. No real backing, zero liquidity. I lost $100 instantly.
Token was pumping at high 1100%
๐ Lesson Learned โ Always follow this checklist:
โ Never buy tokens just by name โ names can be copied, contracts canโt.
๐ Only trust the official contract address from Binance or CoinMarketCap.
๐ Check the contract on BscScan (or Etherscan) โ look for real holders, transaction activity, and liquidity.
๐จ If there are no real holders or suspicious distribution, it's a red flag.
๐ต๏ธโโ๏ธ Wait for the official listing โ a few minutes of patience can save your portfolio.
๐ I learned it the hard way, but you donโt have to. Stay sharp in this space โ scammers are always one step ahead if you're not cautious.