$RARE : A Classic Pump and Dump? 🚨

It looks like RARE is caught in a classic pump and dump scheme.🙊 The massive price surge, combined with low trading volume and a history of manipulation in the crypto market, raises red flags. 💻🤔

Key points to watch out for: 😖👇

(1) Whale accumulation: A large entity, possibly a market maker, seems to have been buying up #RARE before the big pump. 🐳

(2) Low trading volume: Despite the price surge, actual trading activity is low, suggesting potential manipulation. 🥀

(3) Negative funding rate: This indicates that traders are shorting the asset, expecting a price drop. 💩

Proceed with extreme caution! This situation has all the hallmarks of a pump and dump. It's likely that the price will eventually crash after the initial hype fades.

Stay safe out there, crypto traders! ⚠️#pumpanddump #CryptoWarning

Big thanks to Wise Advice for insights!! 🙏👍