The $DOGS token has raised some red flags due to the large quantities held by centralized exchanges (CEXs) without any lockup period. This concentration could lead to a "pump-and-dump" scenario. 📉
Here’s what you need to know:
- Current Price: $0.0011077 (-1.29%) 🩸
- Risk: CEXs could artificially inflate the price through a buying spree and then sell off their holdings, leading to a sharp price decline. 🚨
Retail investors could be caught up in the excitement and suffer significant losses when the price drops. LeonidasNFT’s recent tweet emphasizes these risks, stressing the need for transparency and clear tokenomics. Without these protections, the potential for manipulation is high! 🔍💔
Stay alert and carefully consider the risks before getting involved! What are your thoughts? Share below.
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