Learn how scammers capitalise on a trending coin or token. Save your funds.

[The Cryptovator]

Do you know how scammers capitalise on trends? For example, currently, a couple of bot projects are doing very well. There are so many more projects coming with additional or new bot features. That means bot projects are trending right now. Because investors made a decent amount of money from bot projects, now they are seeking more bot projects to make more money. Here, scammers and project farmers are active. They want to capitalise on the current trend; they make some fake promises and launch projects. Investors still think they could make decent money again from these trends. Especially those who missed previous bot projects that did a couple of Xs on the exchanges jump when they hear this is another bot project. When raised funds, scammers just skimped with funds as usual.

What do we should do? Because when you joined the trend, project farmers scammed us. That's how trending will end up, and investors will lose their funds. I will suggest you don't just jump into trends. Make sure the projects are solid. It's just not about bot trending. Pepe also did well, so many Pepe tokens have been launched. That is almost dead, but Pepe is doing good. Those launch later, and investors lose funds there. Don't be greedy, because everyone can't catch the trend. If you are late, you will lose. Rather, I would avoid any investment in brand new projects.

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[Nwada001]

You have really observed what scammers do with trending, and this is not just on bot projects or only on projects that have done X times that they target; these scammers also target trends and form some kind of fake airdrop or any form of giveaway using that project name in order to lure in victims into their scam scheme, which they most often succeed with their plan. Before alarms could be raised by people who have experienced what is happening, someone would already be a victim of the scam. It has happened with Ripple winning their SEC case; scammers came up with scams to exploit Ripple and other crypto holders; it also happened with Sepapal and others.
 
If people can limit the way they run towards making fast profit from projects, the rate at which they can fall victim to scam schemes will be limited, but the hunger for fast money and increasing their holdings is what the scammers always use against them. Of course, there are projects that are not to be missed if we see the opportunity, but when one comes and goes, we should always know that such projects can't repeat themselves just in a hurry, but most newbies and investors don't always know that. New projects come up and use the ones that have made it through to the top as an example and use it to advertise their scam project, telling you not to miss this one as you have missed the other one. A good example of this is the Pepe Meme Coin. Other shitcoins came after it made a trend, and they used the Pepe pump to manipulate their market and most ruggedly pulled.

[Zaguru12]

What do we should do? Because when you joined the trend, project farmers scammed us. That's how trending will end up, and investors will lose their funds. I will suggest you don't just jump into trends. Make sure the projects are solid. It's just not about bot trending. Pepe also did well, so many Pepe tokens have been launched. That is almost dead, but Pepe is doing good. Those launch later, and investors lose funds there. Don't be greedy, because everyone can't catch the trend. If you are late, you will lose. Rather, I would avoid any investment in brand new projects.

This were the same thing the so called meme coins were upto example is the doge, Shiba and now the Pepe. This coins are just simply pump and dump coins. If you get lucky then you will make large profits from them but as the saying goes same energy will apply to them dumping. In fact many scammers have found ways to penetrate into crypto space through lunching of this pump and dump coins and no matter any warning giving out many will still fall victim of these schemes, it won’t change because human are greedy in nature and many have the narrative that cryptocurrency is a get rich quick scheme and that’s why they prioritize this meme coins than bitcoin or even all this other top Alticoins.

My advice is those who invest into this shitcoins do not expect any return from them. Once you buy them just set that amount aside that it is not coming back, many say it is like a gamble I will say even sports betting as an iota of one winning than them. So just set aside money that you could lose easily and do not think of going into long term investment with them, once you see that it has gotten at a certain price and starts dumping do not invest in them thinking they will pump again. The best time to buy them is mainly before official launching or listing by top exchanges

[BitcoinPanther]

It has been a practice of the scammers that whenever there is trending projects, they copy it and launch multiple copy of it.  We have seen it for several years that whenever there is a buzz word or any important event, scammers are fast to create a project for it.

What do we should do? Because when you joined the trend, project farmers scammed us. That's how trending will end up, and investors will lose their funds. I will suggest you don't just jump into trends. Make sure the projects are solid. It's just not about bot trending. Pepe also did well, so many Pepe tokens have been launched. That is almost dead, but Pepe is doing good. Those launch later, and investors lose funds there. Don't be greedy, because everyone can't catch the trend. If you are late, you will lose. Rather, I would avoid any investment in brand new projects.

Nothing we can do to stop these kind of scam projects.  All we can do is not buy their scheme and avoid them as a plague.  It can be easily recognize because whenever there is a popular or trending coins they copy and launched new projects according to the popular trend.  So we should not take part of these kind of copy cat projects since there is a high possibility that scammers are behind these project and we can be scammed and lost our money by ending bag holding worthless tokens.

[promise444c5]

Especially those who missed previous bot projects that did a couple of Xs on the exchanges jump when they hear this is another bot project. When raised funds, scammers just skimped with funds as usual.
.

This is most used tactics now as people believe they could have a better chance since they've missed the previous.  Eventually some will have some narrow escape while some will fall into the traps as usual.  These has also risen over the years as they grow out of medias too.

Nevertheless, what do we do? There nothing we can do other than having patience to study the kind of scheme or patterns used before taking any action,this might not guarantee as we still need to continue dive deeper in out quest for knowledge even with these we still need to stay vigilant not to trust the system.

 To my understanding, most of these projects will always have a loop hole leaving  little about their true identity and innovations likewise their intension we just need to make more research about has it has been said to find a proper one to rely on actually

[Kemarit]

What do we should do? Because when you joined the trend, project farmers scammed us. That's how trending will end up, and investors will lose their funds. I will suggest you don't just jump into trends. Make sure the projects are solid. It's just not about bot trending. Pepe also did well, so many Pepe tokens have been launched. That is almost dead, but Pepe is doing good. Those launch later, and investors lose funds there. Don't be greedy, because everyone can't catch the trend. If you are late, you will lose. Rather, I would avoid any investment in brand new projects.

Yes, this is so true, and if I'm not mistaken, since I joined crypto this has been one of the best method by scammers, jump on the latest hype.
They could even just create a fake website and imitate the original one and then some noobs investors might fall for the trick.
Or simply making a copy cat of the project, make exorbitant claims that it will be the next big thing and then they exit scam.
Hopefully, those newbies that might be reading this post, might think twice before jumping on the latest hype or craze because it could be that the scammers are behind this project.

[tabas]

Yes! That's how many of these projects are trying to cope up with the demand when a trend is very hyped and popular. They don't mind what are the critical details that will be presented to their investors as long as they can make money out of those investors that never does their due diligence. It's easy to make new projects for them if they've been doing this for so long and the targets are those that are FOMOing with the trends and trying to keep up as much as they can. That's why if you're that type of investor, you're likely to fall for it especially if they are good in PR marketing and they've got budget as they launch for which shall be taken from their investors later on.

[cryptoaddictchie]

The problem is that most of the hype are being copycat and anyone who misses the first one they wanted to ride on the next ones which doubtedly will create the same hype during like Pepe era. Most degens are risky so we cant really stop these guya from hoping to be a millionaire someday anyway a good warning to be not an exit liqudity to such lousy project is a must at a time like this.

[Fiatless]

Do you know how scammers capitalise on trends? For example, currently, a couple of bot projects are doing very well. There are so many more projects coming with additional or new bot features. That means bot projects are trending right now. Because investors made a decent amount of money from bot projects, now they are seeking more bot projects to make more money. Here, scammers and project farmers are active. They want to capitalise on the current trend; they make some fake promises and launch projects. Investors still think they could make decent money again from these trends. Especially those who missed previous bot projects that did a couple of Xs on the exchanges jump when they hear this is another bot project. When raised funds, scammers just skimped with funds as usual.

I have observes that most persons that invested early in a project might make profit. But others that invest later might become victims of scam. But these scam projects can be identified by some indicators which include unthinkable profits and enticing promises. Before you invest in such trending venture, you have to do an extensive research because many scam project take advantage of this rave to defraud investors.

What do we should do? Because when you joined the trend, project farmers scammed us. That's how trending will end up, and investors will lose their funds. I will suggest you don't just jump into trends. Make sure the projects are solid. It's just not about bot trending. Pepe also did well, so many Pepe tokens have been launched. That is almost dead, but Pepe is doing good. Those launch later, and investors lose funds there. Don't be greedy, because everyone can't catch the trend. If you are late, you will lose. Rather, I would avoid any investment in brand new projects.

Some people have benefited from some of these new setups but I am not a fan of them because of the risk associated with them.  I invest in businesses that have less risk and have a track record of sustainability such as Bitcoin. The easiest way to lose your funds is to invest in these trending projects.

[hd49728]

What do we should do? Because when you joined the trend, project farmers scammed us. That's how trending will end up, and investors will lose their funds. I will suggest you don't just jump into trends. Make sure the projects are solid. It's just not about bot trending. Pepe also did well, so many Pepe tokens have been launched. That is almost dead, but Pepe is doing good. Those launch later, and investors lose funds there. Don't be greedy, because everyone can't catch the trend. If you are late, you will lose. Rather, I would avoid any investment in brand new projects.

Altcoins are trending coins and they don't actually have good idea for product developments as well as don't have good usability. Those token projects simply are created to join trends but altcoin gamblers love trending projects. Not only PEPE recent months but before PEPE, after Elon Musk pumped Dogecoin, many projects with dogs in token icon and name were launched to scam people.

It happened years and months ago but did those people learn anything? I believe majority of them easily forgot those lessons and even their own losses, when PEPE trend appeared, they joined it again, lost again. In future when other new trends occur, they will join those trends again.

[hugeblack]

Laziness, haste, and the unwillingness to learn or trust that someone will do your job and you will find the profits ready are what make trend trading prosperous. I see a lot of friends looking for a person or entities to write a CV or to evaluate themselves better instead of doing it yourself themselves. They are looking for a safe investment that generates additional income, even if it is a stake USDT on Binance. These people are searching on Google and YouTube for a safe investment or a strategy for quick profit, and here these scammers find an opportunity to arouse the greed of these people and steal their money from them, either by asking them to buy worthless tokens or A pumping group and in the end they find themselves as the party that was scammed after that shitcoin lost 60% of its value.

[Z390]

Nothing always surpass the grand master in crypto space.

It started with Bitcoin surviving and becoming popular, and many new Bitcoin wannabe come into the light, people believed that Bitcoin would lose but they are wrong, the likes of Bitcoin cash, Bitcoin White, Bitcoin private and few others showed up, yet till today none of them surpass Bitcoin, and most are dead already.

When Shiba inu became successful, we start seeing many inu coins, coinmarketcap are filled with inu coins showing up per week, so I am not surprised that the same is happening with telegram not projects right now, it's already over with this trend but people don't know how to let go.

I do have few Bot tokens I added on my watch lists on CMC, but I did that to see if they will survive this bear market, I doubt they would anyway, but right now bot projects are not part of my DCA plan.

[Dr.Bitcoin_Strange]

What do we should do? Because when you joined the trend, project farmers scammed us. That's how trending will end up, and investors will lose their funds. I will suggest you don't just jump into trends. Make sure the projects are solid. It's just not about bot trending. Pepe also did well, so many Pepe tokens have been launched. That is almost dead, but Pepe is doing good. Those launch later, and investors lose funds there. Don't be greedy, because everyone can't catch the trend. If you are late, you will lose. Rather, I would avoid any investment in brand new projects.

You have already made two good suggestions: one is for an investor not to just jump into trends, and the second is to make sure that the project is a solid one.

I will also add that the investor should dig so deep into the project to find out more about it before investing their money. Some Shaddy projects don't keep their telegram groups open because they are avoiding important questions from investors. Sometimes too, if a user on their telegram or social media accounts asks a very important question, they will either block the person or delete the question. So, investors should look out for all these things.

Let investors learn to ask very important questions on the project's social media accounts. Also, scan the social media accounts of the project to know that their followers are not just bots.

[RockBell]

Yes! That's how many of these projects are trying to cope up with the demand when a trend is very hyped and popular. They don't mind what are the critical details that will be presented to their investors as long as they can make money out of those investors that never does their due diligence. It's easy to make new projects for them if they've been doing this for so long and the targets are those that are FOMOing with the trends and trying to keep up as much as they can. That's why if you're that type of investor, you're likely to fall for it especially if they are good in PR marketing and they've got budget as they launch for which shall be taken from their investors later on.

That is the problem all the project team all they care about is the money they will get from does project and they will look for investors and they go for good marketing that is one of the driving force of every project marketing if they get the hype and people start investing and with all the fake promises of setting a price for pre-sale and public sale and after the whole thing not all projects survives it. and even most of the investors don't do proper research they just see it as another opportunity to make money. Even during the whole process, some might even be scams, because scammers are always looking for ways to actually take advantage of people by all means.

[Mayor of ogba]

Scammers have been using trending projects that have done so much gain to deceive investors and scam them their money. After the trend of the Pepe meme coin scammers used the opportunity to develop shit coins like Pepe Killer, pepeki, and pepe2.0  to scam investors of their money because they know any investor that missed out on the Pepe meme coin would not like to miss out on the next meme coin that bears almost the same name with Pepe meme coin in the crypto market. Stop investing in a new project that has almost the same name as an existing meme coin because they are in for your money and will not deliver anything of what they promised their investors.

Also, know that investing in meme coins is a gamble, you might end up losing everything you invested in meme coins because it is a pump-and-dump coin. Another thing to look out for when investing in meme coins already trading on a crypto exchange is the amount of gain that meme coin has done to know if you are buying at the top because that meme coin might never pump again, and you will end up holding a worthless coin in your wallet.

[TravelMug]

Scammers have been using trending projects that have done so much gain to deceive investors and scam them their money. After the trend of the Pepe meme coin scammers used the opportunity to develop shit coins like Pepe Killer, pepeki, and pepe2.0  to scam investors of their money because they know any investor that missed out on the Pepe meme coin would not like to miss out on the next meme coin that bears almost the same name with Pepe meme coin in the crypto market. Stop investing in a new project that has almost the same name as an existing meme coin because they are in for your money and will not deliver anything of what they promised their investors.

Not just about pepe coins that is trending right now, but way back, you can see the scammers also try to capitalized with names of Elon Musk and others to try and bait investors to deposit some money on an address and they say that they will double it. Some fell for it, and so it's a hard and very expensive lesson for them.

Also, know that investing in meme coins is a gamble, you might end up losing everything you invested in meme coins because it is a pump-and-dump coin. Another thing to look out for when investing in meme coins already trading on a crypto exchange is the amount of gain that meme coin has done to know if you are buying at the top because that meme coin might never pump again, and you will end up holding a worthless coin in your wallet.

This is so true, perhaps there are investors here who made some money out of pepe in the beginning. But we all know that it won't last, so the best thing to do is for them to get out while they have the projects. But for majority of investors who doesn't want to take the risk, or have a moderate appetite in investment, those meme coins and shit coins are not for us.

[Obari]

Thank you for this great advise sir and I did learnt this the very hard way but I'm always grateful for every information I get from here and I also learnt about scammers flowing with threads even before joining the cryptocurrency industry especially during the ponzi scheme era of 2018 and 2019 and people kept falling for those scammers then because of greed but I never got involved because I never wanted to be a scape goat.
I don't do altcoins and I'm not also a fan of bolt trading because for the time I've ever tried it on demo accounts, it has never been my things and I don't have any Interest in bots not anytime soon.

[hd49728]

Laziness, haste, and the unwillingness to learn or trust that someone will do your job and you will find the profits ready are what make trend trading prosperous.

Doing anything relates to money, loss and profit is difficult and must have many complicated things like knowledge, experience, mentality/ psychological control and lastly luckiness. Lacking any of them can cause a failure in investment and in volatile cryptocurrency market, it is harder.

Being lazy and dependent on other people, putting your money for investment like you are gambling, is one of best and fastest way to lose money, not to earn profit.

They are looking for a safe investment that generates additional income, even if it is a stake USDT on Binance. These people are searching on Google and YouTube for a safe investment or a strategy for quick profit, and here these scammers find an opportunity to arouse the greed of these people and steal their money from them, either by asking them to buy worthless tokens or A pumping group and in the end they find themselves as the party that was scammed after that shitcoin lost 60% of its value.

By being lazy and searching to find free financial advice, they are choosing best way to burn their capital. It's your money and your life so decisions must be made by yourself after due diligent research.

[sokani]

There was the time Shiba tokens, doge tokens and PEPE tokens trended for a while and the current trend right now is AI tokens. These scammers are capitalizing on people's greed and desperation to make quick money to scam them. They understand that many persons are looking for tokens that will add 2 to 3 zeros real fast, so they use trends to sell them bag of shits and most of these projects don't get to see the light of the day. They are just avenues for scammers and call channels to enlarge their pockets and sadly many persons have been falling for it.

[Dimitri94]

Nothing we can do to stop these kind of scam projects.  All we can do is not buy their scheme and avoid them as a plague.  It can be easily recognize because whenever there is a popular or trending coins they copy and launched new projects according to the popular trend.  So we should not take part of these kind of copy cat projects since there is a high possibility that scammers are behind these project and we can be scammed and lost our money by ending bag holding worthless tokens.

Scammers always want to make investors money through a new strategy. They almost try to make new projects. Some investors are also greedy who quickly try to multiply their wealth. This is why they are interested in investing in those trending coins. Until they lose their investment, they are encouraged to invest in this platform. The main thing is that after they make money in a project, they create a new project and damage investors in the same way.

Many of those who were in the cryptocurrency before 2021 invested in trending or some scam coins, some could do some profit there, but most of them lost their investment money. Such type of coins are a leafy trap of scammers where if one go ahead one step, it is difficult to return from it. Those who have been harmed by investing in trending coins may not make that mistake second time.