It’s been almost a month since Augusto Backes, a self-proclaimed crypto influencer, made headlines for allegedly causing one of the largest losses to his followers in 2024. This time, the drama revolves around his Cryptocontrol app and its recommendation of CTXC, a move that ended in an 80% correction the very next day.
💥 What Happened?
Backes, through his Cryptocontrol platform, strongly hyped CTXC up as the next big thing. But within 24 hours, the token plummeted by more than 80%, wiping out portfolios. Instead of offering an apology, Backes reportedly responded with anger, denial, and mockery, claiming he wasn’t responsible for “grown men’s tears.”

❓ Does Cryptocontrol Only Highlight Overhyped Tokens?
The Cryptocontrol app has faced scrutiny, with critics accusing it of often recommending overbought or overstretched assets. These tokens, already inflated, leave little room for further upside, exposing followers to sharp corrections and massive losses.

⚖️ Should Influencers Be Held Accountable?
The case raises an important question: Should influencers like Backes compensate their followers for losses caused by bad advice?
Influencers carry a responsibility, especially when their recommendations influence significant investments.
However, crypto investments come with inherent risks, and followers should conduct their own due diligence instead of relying solely on influencer opinions.

📉 Backes' Reputation Under Fire
Critics argue that Backes lacks technical expertise, especially in chart analysis, and relies on selling courses and hype rather than delivering real value. If true, this strategy puts his followers at risk, as they may be acting on poorly researched advice.

💡 The Takeaway
This incident serves as a stark reminder for crypto traders:
Always DYOR (Do Your Own Research) and don’t blindly follow influencers, no matter how popular they are.
Understand the risks involved in trading high-volatility assets.
For influencers, this is a call to uphold transparency, accountability, and professionalism, as the trust of their audience is their most valuable asset.
What do you think? Should influencers like Augusto Backes face consequences for such losses? Or is it just the nature of the crypto market? Share your thoughts below!
#CryptoAccountability #CTXCPlunge #TradingResponsibly
$ENA
$PENDLE
$CTXC

Rumors have been swirling in the crypto community, claiming that former U.S. President Donald Trump is planning to buy 1 billion SHIB (Shiba Inu) and 10 million PEPE coins. But let’s cut through the noise: as of now, there’s no verified information or official statement confirming this claim.
Crypto markets are known for their volatility, and speculative rumors often lead to price fluctuations. However, it's crucial to dig deeper into the facts before jumping to conclusions or making investment decisions based on unverified news.

The Reality Check: Can SHIB or PEPE Hit $20 Each?
Here’s why these claims are highly unrealistic:
1. Massive Token Supply
Both SHIB and PEPE have incredibly large token supplies—measured in trillions. For either coin to reach $20 per token, it would require an unprecedented reduction in supply or a demand surge so massive that it borders on fantasy. To put it in perspective, this would result in market caps that dwarf even the largest global economies, which is simply improbable.
2. Market Sentiment and Speculation
Celebrity or prominent figures’ involvement in cryptocurrency often causes temporary hype and price spikes. However, these speculative surges rarely sustain themselves, as the market inevitably recalibrates based on fundamentals. A quick rise could easily be followed by an equally dramatic crash, leaving investors in the red.
3. Cryptocurrency Risks
Crypto investments are inherently risky. Relying on unverified rumors or speculative news can lead to significant financial losses. Always evaluate the credibility of claims and understand the underlying fundamentals before investing.

Why Binance Stands Out in Times of Speculation
When markets are rife with speculation, Binance remains your trusted platform for verified information and secure trading. Whether you're buying SHIB, PEPE, or exploring other assets, Binance equips you with the tools to make informed decisions.
Features to Help You Trade Smarter on Binance:
Real-Time Market Data: Stay updated with accurate prices and market trends.
Educational Resources: Learn about cryptocurrency fundamentals to avoid falling for speculation.
Secure Trading Environment: Execute trades with confidence on the world’s most trusted exchange.

Tips for Navigating the Hype
1. Do Your Own Research (DYOR): Verify the source of news before making investment decisions.
2. Stay Updated: Use Binance’s tools to track credible updates on market movements.
3. Avoid Emotional Decisions: Base your trades on data and strategy, not hype.
4. Understand the Risks: Be mindful of crypto’s high volatility and only invest what you can afford to lose.

Final Thoughts
The rumors about Donald Trump buying SHIB and PEPE may spark excitement, but they’re just that—rumors. Crypto investors should exercise caution and focus on verified facts and sound strategies. While the idea of SHIB or PEPE hitting $20 may grab headlines, it’s important to understand the realities of tokenomics and market dynamics.
As always, trade responsibly, stay informed, and make Binance your go-to platform for secure, educated cryptocurrency trading.
#Binance #SHIB #PEPE #CryptoNews #TradingResponsibly
$SHIB
$PEPE