New defi project fake volume in uniswap?

[istiak2277]

Almost all new defi projects are raising millions of volumes while they are joining uniswap. What do you think about this? I can't believe all these new defi projects because they are creating fake volumes while they are participating in uniswap even after some days later there gonna to scam.
Really i am impressed your opinion, let's share your mind about it.

I think it's just market manipulation by those project teams to attract investors. I think we should stay away from any new DeFi project from uniswap. Also, uniswap became a very good place for scammer because it's very easy to list any token there. I saw a scammer list a project called Coronix in uniswap and buy a lot of token in cheap before that project's official listing. Thats what happening there.

[1714869410]

1714869410

[1714869410]

1714869410

[1714869410]

1714869410

[1714869410]

1714869410

[1714869410]

1714869410

[Harriti]

Almost all new defi projects are raising millions of volumes while they are joining uniswap. What do you think about this? I can't believe all these new defi projects because they are creating fake volumes while they are participating in uniswap even after some days later there gonna to scam.
Really i am impressed your opinion, let's share your mind about it.

At Uniswap, there are quite a few Defi scam projects, and the fake volume is also understandable.  As I said in many other articles that discuss the trend, the Defi trend is dead and the majority of projects are now scams. So I recommend making money only by trading Bitcoin or top coins.  Speculating on projects now only adds to the risk to your pocket.
The closest good example is Dotswap, a project that is fomo a lot by Europeans but in the end the team also scammed more than 300 ETH of investors.

[btcltcdigger]

Almost all new defi projects are raising millions of volumes while they are joining uniswap. What do you think about this? I can't believe all these new defi projects because they are creating fake volumes while they are participating in uniswap even after some days later there gonna to scam.
Really i am impressed your opinion, let's share your mind about it.

It's the latest FOMO like it was ICO FOMO in 2017.
They put in all these flashy words like yield farming, high APY etc and people fall for it.
But, like any scam, if you do your due dilligence, you can avoid getting butthurt

[1l1l11ll1l]

Almost all new defi projects are raising millions of volumes while they are joining uniswap. What do you think about this? I can't believe all these new defi projects because they are creating fake volumes while they are participating in uniswap even after some days later there gonna to scam.
Really i am impressed your opinion, let's share your mind about it.

It's the latest FOMO like it was ICO FOMO in 2017.
They put in all these flashy words like yield farming, high APY etc and people fall for it.
But, like any scam, if you do your due dilligence, you can avoid getting butthurt

High APY everywhere lol. I think the trend has decreased considerably compared to last month. I'm sure the DeFi industry will also undergo some major changes as the number of cases occurs. there may be a structure where defi projects will be safer when they use the procedure, so even newbies can avoid scams

[crzy]

Almost all new defi projects are raising millions of volumes while they are joining uniswap. What do you think about this? I can't believe all these new defi projects because they are creating fake volumes while they are participating in uniswap even after some days later there gonna to scam.
Really i am impressed your opinion, let's share your mind about it.

Probably creating a hype so when new investors comes in, time to sell for them. Don’t rush in the market and don’t follow that trend easily, you have to give yourself time for research and if those DeFi project are pumping without a valid reason then you have to stay away from that and save yourself from losing money.

[Traderbtcc]

Do you know this happens on most centralized exchange too? Using bot to trade and make it seem like they are traders in the exchange buying that token at that particular time whereas there isn't any, so if that can happen in a centralized exchanges, its possible for that to happen in a DEX also, the team behind the project can use a bot to trade between themselves which will increase the volume and make it seem like the token is a "hot cake" to make people to fomo and buy their sh*t token from them.

[Quintrix]

Almost all new defi projects are raising millions of volumes while they are joining uniswap. What do you think about this? I can't believe all these new defi projects because they are creating fake volumes while they are participating in uniswap even after some days later there gonna to scam.
Really i am impressed your opinion, let's share your mind about it.

It's not only the DeFi on Dex but tokens or coins from centralized exchange are also doing this, I'm not defending the DeFi tokens but this is a fact that we need to accept, pumping and fake volume is not new it exist both on centralized and decentralized exchange and you don't have to point fingers, this is a call for a diligent research on tokens that are on both platforms.

[Anonylz]

~

They are only good at start when they are selling the tokens to traders it's slowly disappear because the owner of that tokens slowly selling it to new investors that will come and buy it. If there is no more people interested to buy it any more they will sold it all in one time selling as long as there are orders of that exchange . Then , leave and make another new project that will earn him another money to grab .

Poor innocent investors are the victims of this malicious plan, most of them are just setting a trap for investors who will suffer the loss, they will hype the project and make it seem as if the volume is high, but most are fake, they are only buying time for new victims to get in then they will dump and move on,
Nowadays, am very skeptic about investing in new project because of this very reason, better to observe that project before anything else.

[bitgolden]

Could it be due to liquidity providing? I am not an expert on the topic but it looks like there are methods around finding volume and liquidity these days for these coins/tokens and I think they could be increasing that by tenfold to make it look like they are wanted more than they actually are. There are a lot of fake volume as well but that has been the case for many projects even before defi came about, it is not really something special for defi.

I have actually seen of a project that bought a trading bot and made it work 7/24 trading inside the spread in order to not lose money while they ended up looking like they had 10+ btc volume everyday while the reality was under 0.5 btc, that was in a CEX and a coin that has been there for months. If CEX can do that, DEX tokens will certainly do it as well.

[iv4n]

And you are surprised? DeFi is in trend, and like every trend DeFi is being exploited by scammers! For me it's worse than gambling currently, you really need to know how to recognize what's good and what's scam! I have something on holding, but I don't bother to trade or to find new projects, it's too risky!
On the other side some people are making big money (and some are losing, as always), so people who really wish to try should know how to do a proper research before they jump in! Lucky guessing can sometimes work, but usually it's not working!

[Danslip]

The old school tactic still works, few whales buy cheap the trading bots pump-dump the price: easy money. I never joined the DEFI projects because the decentralization didn't prove itself on the new projects. The new projects usually aim to make money by using tricky methods and fooling HYPE-d investors.

[samcrypto]

The old school tactic still works, few whales buy cheap the trading bots pump-dump the price: easy money. I never joined the DEFI projects because the decentralization didn't prove itself on the new projects. The new projects usually aim to make money by using tricky methods and fooling HYPE-d investors.

Whales knows how to make money and we can also ride with them if you want to have that profit easily but of course the risk is always there. If the new DeFi made a huge pump in the market, we can’t say that its a fake volume especially if they are also listed on many exchange but if you are just referring to Uniswap platform then something is happening and that’s for you to find out before investing.

[bittick]

Not only defi projects but there are plenty projects out there making fake volume and its sole purpose is to attract some people and tricks them into thinking that the coin has quite high liquidity while actually it's not. It happens everywhere man and we should be the one that tries to find out which has fake volume and avoid them. this practice so common it's actually considered a normal phenomenon by day to day traders.