These days, altcoins in the crypto world can be described as wildly volatile, with occasional tenfold increases. RAVE, manipulated by the whales, saw its price surge dozens of times over a few days. Although most of these rises end in crashes, such momentum still attracts many aggressive investors hoping for the next "RAVE."
Taking advantage of this hype, some project teams are frantically harvesting profits. FF started at $0.07 on the early morning of the 11th, surged to $0.18 within an hour, then plummeted. The current price is only $0.07786, leaving late buyers trapped.
INX is even more outrageous. After doubling in price, the team directly sold $400k worth of tokens to unlock more, causing the price to halve. And they didn't even bother to hide it; on-chain data clearly shows the project team dumped tokens.
Both of these are "star projects" that previously raised huge amounts of funding—FF raised $20 million, and INX secured $65.3 million.
They should be focusing on building a solid ecosystem, but instead, they rely on scams and dumping to drain liquidity, which is truly disgusting.
Retail investors, stop betting on catching the next RAVE. Tokens that are deliberately pumped are all traps. Only by protecting your principal and staying away from altcoins can you survive in the crypto space.
