The DOGS token is raising serious red flags! 📉 With a current price of $0.0011077 and down 1.29%, attention is turning to how centralized exchanges (CEXs) are holding a large portion of the supply without any lockup period. This could set the stage for a dangerous pump and dump scheme. 🚀💣
Here’s the concern: CEXs could inflate the price of DOGS by inciting a buying frenzy, only to dump their massive holdings and cause the price to crash. 🚨 Retail investors who get in late to the frenzy could find themselves stuck with the inflated asset as the price plummets.
LeonidasNFT's recent tweet only adds to concerns about market manipulation. 📢 This is an important reminder for all investors: Be cautious with tokens held by some organizations with unclear sale terms. 🛑
Transparency in tokenomics, including clear lockup periods and distribution details, is crucial. Without these, the risk of manipulation is high, threatening both the future of the token and investor confidence. Stay vigilant! 👀🔥
DYOR! #Write2Win #Write&Earn $DOGS