PSA: Follow-up on ERC20 Token SCAM and more investigation!
It has been 2 days since I posted about this scam token.
The pump and dump is continuing no surprise, but it has now stabilized at a low point of under 0.001.
I thought this formation in the charts was ironic.
To continue doing some investigation and potentially get some coins in the airdrop, after being banned on telegram, I managed to make a new account and joined their chats and watched.
I was in there for about 36 hours and came to figure out that a few of the posse are very desperate for more people to buy.
This posse was spreading misinformation and so called predictions and telling people to put buy orders valuing it at $1.
After not being put on the airdrop spreadsheet during that time after nicely asking many times the following happened:
- I got into a minor argument with one of the people giving false analyses of the token.
- I mainly said it's currently valued at 0.0001 and you want people to value it at $1?
- Tamely asking what the basis was for that over-valuation was apparently enough to get me banned again.
Watch out for this token! The scammers have already netted over 25 million USD worth with their dumps. Don't pump it up again for them.
See my previous post if you need more convincing to stay away.