2025-12-31 04:28:49

Recently, a friend was badly scammed by a certain project, and it's worth analyzing the story in detail.

Here's how it went: $OIK initially surged aggressively, with all kinds of news flying around, attracting a wave of follow-on investors. My friend was persuaded to get in, thinking they could catch the growth wave. But shortly after entering, the price plummeted—dumping was swift and brutal, almost instantaneously halving the value. Trying to cut losses and exit? They found they couldn't sell at all; liquidity vanished instantly. The 50,000 yuan evaporated into just 5,000, and they were stuck holding the bag.

This type of scheme follows a fixed script: first, pump the price to attract attention → continuously lure new retail investors → manipulators dump their holdings → price free-falls → retail investors are caught in a dilemma. By the time you realize something's wrong, you're already at the top, with no trading counterpart willing to take the other side. Some projects have no liquidity pools or shallow depth, while others are outright scams.

How to identify these traps? Look for signals like: abnormal price fluctuations, sudden spikes in popularity, lack of real ecosystem use cases, mismatch between trading volume and holder count. Once you notice these signs, stay far away.

Opportunities and traps definitely coexist in the crypto market. Stay alert, do your homework, and be cautious—it's much safer than blindly chasing the trend.

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defi_detective

· 2h ago

It's the same trick again, turning 50,000 into 5,000. Truly unbelievable. That's why I just pass on any sudden surges I see now.

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BearMarketBarber

· 2h ago

This is a typical rug pull scheme, nothing new. 50,000 turns into 5,000. Bro, you've really paid your tuition this time. I've already said that projects that surge in popularity quickly should be avoided, but some people just have to try their luck before they're satisfied.

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RugpullAlertOfficer

· 2h ago

50,000 directly evaporated into 5,000, this is a typical liquidity trap, should have recognized it earlier --- It's always the same routine, pump→suck blood→run away, retail investors are just the last to catch the falling knife --- Basically, it's because they didn't do their homework. As soon as the hype starts, they rush in. This time, they paid the tuition fee --- The moment liquidity disappears, I guess everyone was stunned. So tragic, bro --- You can tell at a glance that this kind of project is a scam. The trading volume and holding data simply don't match up --- Another one got cut. When will the retail investors learn to read K-line charts --- I had already sensed the smell of $OIK a long time ago. A bunch of air coins daring to come and cut us

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ZeroRushCaptain

· 2h ago

It's the same trick again. My friend also fell for it. When I saw 50,000 turn into 5,000, I knew right away—these scams in the crypto world never change, but they're always just as rotten.

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