2026-01-08 14:35:45

A certain exchange recently launched an interesting presale rule — the project can only be started once the target amount is raised. Until then, liquidity is completely locked, and participants cannot trade. Currently, there are two projects on the platform using this mechanism.

Take $BLFY as an example. This project currently has the largest market cap among similar projects, but the wallet distribution is somewhat messy, with retail holdings being quite dispersed. The official has not provided a clear explanation of the specific use case for this token, but the pump is quite strong. Contract address: 0x85b37795d256f6ad52f0b32752c673add5127777

There is also a project called Butterfly. Based on the launch timeline, it is almost certain to be the first to surpass the fundraising threshold. It has also attracted quite a few retail investors, and the atmosphere of mutual support is quite strong.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
8
Repost
Share

Comment

0/400

DegenRecoveryGroup

· 01-11 14:34

The move to fully lock liquidity is indeed ruthless, effectively pinning retail investors down. The wallet distribution is messy and hasn't been explained yet? Isn't this just a classic pump-and-dump scheme? I'm a bit skeptical about the collective atmosphere of the Butterfly project. The more it is like this, the easier it becomes for someone to become the bagholder.

View OriginalReply0

FalseProfitProphet

· 01-11 13:03

Liquidity locking gameplay... looks quite innovative, but I always feel it’s easy to become a playground for whales. --- $BLFY wallet distribution is so messy and they’re still pulling users in? It feels like retail investors are just passing the risk around each other. --- The Butterfly initial financing line... wait, isn’t this just a race to see who runs away first? Haha. --- Coins with no clear purpose having the largest market cap is just ridiculous. --- Pre-sale locking liquidity, in simple terms, is trapping retail investors. It’s a bit harsh. --- Both projects are using this mechanism. Is the exchange trying to stir things up or just wanting to harvest the chives... --- $BLFY’s pump effort is strong, but I just want to know who’s taking the final hit. --- A strong group mentality isn’t necessarily a good thing; it’s often a sign that the last batch of investors is about to get stuck. --- Fully locking liquidity? That’s basically a dream for the whales; retail investors can’t escape at all. --- If Butterfly really is the first to cross the finish line, the projects that follow will have a hard time.

View OriginalReply0

FudVaccinator

· 01-10 14:56

You cannot trade before liquidity is locked, this set of rules is quite ruthless... feels like they're just trying to weed out the retail investors. --- The BLFY wallet distribution is messy, and they start pulling before explaining the purpose? Isn't this typical... never mind, I won't say more. --- What does the strong butterfly group vibe indicate? Are they all jumping in together or getting trapped together? --- The contract address has been posted, do they really think we all don't understand? --- Filling the funding line is just a fantasy; it might collapse at any time. --- The largest market cap is actually the "dirtiest," what a satire. --- It's that same old trick of "target quota before launch," the last time I saw this rule... the coins are probably dead now. --- Retail investors banding together, in the end, whoever sells first wins—it's a harsh reality.

View OriginalReply0

ColdWalletGuardian

· 01-08 14:57

Locking liquidity is basically a gamble on whether it can run after going live. Does the scattered distribution of wallets in BLFY suggest it has no utility? I think it's questionable.

View OriginalReply0

StopLossMaster

· 01-08 14:56

Locking liquidity is basically just a new disguise for scamming retail investors. Just by looking at wallet distribution, you can tell how deep the water is. How strong is the pump effort? Is the butterfly's group-hug atmosphere intense? I think it's more like a gathering place for bagholders haha. The official can't even clearly explain the purpose, so why should we trust it? I really don't understand this pre-sale mechanism. Why does it have to be locked to play? Retail investors rush in together, and in the end, only they know who loses. Why isn't the target quota setting afraid of crashing the market? Wait, the liquidity is only unlocked after the financing line is crossed? Isn't that just a big gamble?

View OriginalReply0

LoneValidator

· 01-08 14:55

Liquidity locking is basically just a different way of playing the casino; retail investors are still the same group of retail investors. Butterfly is indeed a bit suspicious; the more intense the group mentality, the more cautious you should be.

View OriginalReply0

CryptoHistoryClass

· 01-08 14:53

ah here we go again... locked liquidity until target hit? this is literally the 2017 playbook with a fresh coat of paint. $BLFY wallet distribution looking "dirty" is just academic speak for "whales stacked before retail even knew what hit em"

Reply0

MevSandwich