🚨 Beware of DEX Meme Coins: The Pump & Dump Illusion! 🚨
During the week, I saw many people promoting
#BullDogito , yet another of the countless meme coins launched daily in the DEX universe. But the big question is: does it have any real utility or is it just another Pump & Dump scheme? 🤔💰
📈 Pump & Dump: How Does It Work?
The scheme is always the same: false promises make the price rise quickly (Pump) while the creators and insiders accumulate tokens. At the right time, they dump everything at once (Dump), leaving most investors stuck at a loss 📉.
⚠️ Warning Sign: Created by Brazilians 🇧🇷
Nothing against national projects, but the history of scams in the country makes this an additional risk. Unfortunately, many coins created by Brazilians have already proven to be financial traps 🚨.
🧐 If someone insists that you buy, be suspicious!
Often, this person bought at the top and now needs new investors to minimize their own losses – a classic pyramid scheme 🏴☠️.
💸 The Big Problem of Liquidity
While US$ 10K sold in Bitcoin doesn't even tickle the market, this same amount can completely wipe out a small DEX coin. The lack of liquidity makes these coins highly manipulable and risky ⚡.
📌 The game is always the same: few win, many lose.
🚫 Don't fall for it! Do your own research (DYOR) and avoid being another victim of this repetitive cycle in the crypto world!
#MemeCoin #PumpAndDump #FraudeCripto #Bulldogito