The secret of the demon coin: the story behind the 100x coin drep
In the world of cryptocurrency, there is a kind of demon coin, which is seriously controlled and has an exaggerated pull, which is dazzling. Among them, the 100x coin drep in 2021 is a classic case. Let's explore its story together.
I am very impressed by drep. This coin is very strange from control to pull. After listing on Huobi and Binance, it has increased 100 times in just one week. The first time I came into contact with it was the pre-sale of the WeChat community in February 21. At that time, it was the rising period of Bitcoin. The pre-sale condition was 0.03u, 10% was released in the first month, and 5% was released every month thereafter. (The actual situation is that the private equity group owner ran away two months later, and only 15% was actually released)
At that time, seeing that the popularity was good, I invested 1500u, and successfully entered the head project of Huobi Exchange one week after the private equity coin went online. However, after the launch, the price fluctuated and even fell. In order to avoid losses, I gradually sold 15% of the pre-sale. Although I only made 5 times the profit, I was relieved that I just got back the money after deducting the part that was embezzled by the WeChat group owner.
However, a month later, drep has been sideways and the market has lost patience. At this time, Bitcoin rose from 42,000 to around 55,000, attracting a lot of funds to pour into hot projects, but drep has been silent. Suddenly, drep released the sky needle, and it rose 3 times in a few minutes. It announced cooperation news one after another, and project cooperation and good news were overwhelming. Just one day in April, drep directly rose 10 times, and the increase reached 100 times in a week! It was the first on the hot list every day.
However, after the madness, there was a collapse. There were news that the project party was ready to run away, the project party was full, and no longer paid attention to the margin for listing, etc. The price fell straight from the highest point, and even plummeted by 90%. This scene stunned people and completely subverted the market's cognition.
