The scam tactics on BSC have been played out for a long time.


Create an X account linked to the main wallet, initially build the persona of a perpetual profit guru;
Then mass produce a bunch of small accounts to issue tokens, with the main account lurking to enter early, and the small accounts responsible for pumping and boosting the price;
Once the main address starts making profits, it will go on a crazy spree of showing off wealth and flaunting, attracting retail investors to blindly follow;
Then open new accounts to continue issuing tokens, with the main account taking the opportunity to dump heavily and harvest profits.
A profit cycle spins rapidly, while those copying the trades get wiped out crying and begging. Sometimes, when a big market move happens, the retail investors immediately worship the scammer as a god and cheer from behind.
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin