Shitcoin games in exchanges

[Jonyshake71]

There Are many exchanges where exchange authority listed shitcoins only for money and later, they delist these as like responsible Exchange owner. Let's Have an example With MEXC Exchange! I saw some coins Pump from 600% to 18,000%, many coins pump more than 13000% and that's make me wonder. So i also tried to buy new listing altcoins.

But i experience that, New altcoins already pump 300-500% within seconds. Lol. Although i had opportunity to buy overpriced coin cause some coins goes more than 20000%. But i did. And later team create more hype so that more people joined with then. And after a certain time, team dump their share and run away.

So should be careful such shitcoin games. It may increase your money thousands time but i think, people will loss more than gaining

[1714507660]

1714507660

[Beparanf]

But i experience that, New altcoins already pump 300-500% within seconds. Lol. Although i had opportunity to buy overpriced coin cause some coins goes more than 20000%. But i did. And later team create more hype so that more people joined with then. And after a certain time, team dump their share and run away.

So should be careful such shitcoin games. It may increase your money thousands time but i think, people will loss more than gaining

Yeah, this is always the gimmick created by the exchange and team together since CEX doesn’t have any blockchain records to verify who’s involved but the exchange has the power to place a quick buy order on thin order book to make the coin display a fake pump that frequently being use to attract more new traders to jump in and ride the hype.

This is why waiting for the correction after it was listed is the best approach to invest on this coin rather than gamble buy while team/exchange is still fake pumping it because you might ended up buying an OP coins and worst that it be die quickly while you purchased at the top.

CEX should be regulated properly in able to avoid this but since most of the exchanges choose a country with weak regulation on crypto exchanges makes them free to do whatever they want including this such manipulation.

[rodskee]

this is why when people use listing
as a reason to invest in, i find it funny

lots of coins get listed in big exchanges
but it does not guarantee success
however it would still be nice to take
advantage of the moment the project gets listed

[Tmoonz]

There Are many exchanges where exchange authority listed shitcoins only for money and later, they delist these as like responsible Exchange owner. Let's Have an example With MEXC Exchange! I saw some coins Pump from 600% to 18,000%, many coins pump more than 13000% and that's make me wonder. So i also tried to buy new listing altcoins.

But i experience that, New altcoins already pump 300-500% within seconds. Lol. Although i had opportunity to buy overpriced coin cause some coins goes more than 20000%. But i did. And later team create more hype so that more people joined with then. And after a certain time, team dump their share and run away.

So should be careful such shitcoin games. It may increase your money thousands time but i think, people will loss more than gaining

That is the real fact which is, that a coin is listed in an exchange doesn't guarantee the coin has a good potential it could be possible that they pay the exchange just to succeed In their dubious act, the reason why most time it is important to  participate in the early part adoption of a new coin such that before they could think of scamming you must have gotten a little profits that is if you have not been overly greedy of waiting too long in the market.

[Churchillvv]

This is a frequent case in the crypto industry especially in for shitcoins, and perhaps the alignment between the exchange and the project team is always one of the reasons why most exchanges are facing the law seriously.

Even before anyone goes into altcoins they must have been fully aware how volatile and stupid some shitcoins can be, so if there are losses then it shouldn't be a problem anymore because it's an intentional risk or action in the cost of profit making.
There are a lot of this pump and dump shitcoins all over the place now so if anyone is ready to take the risk then one must also be ready to face it's consequences.

[Bureau]

Shitcoins that are on Solana blockchain can be bought initially on Jupiter DEX. These coins then generally get listed in big DEX like the one OP has named. Now, the risk here is if the team behind can do a rug pull. If anyone here is okay with the risk then go ahead and buy the shitcoin and wait for the listing. As soon as it happen book profit and wait for the next shitcoin to get launched.

Investing in shitcoin is always a big risk, don't come here to explain us the risk as we all are aware of it. If you had made a profit then you wouldn't have created a topic here. Since you lost your money you are now explaining us how pump and dump works.

[Volimack]

Be careful before investing in sheet coins as we all know that sheet coins carry high risk. There are many projects that look good in the beginning and then turn into shitcoins and the investors end up losing money. As far as we understand there are many good coins in altcoins no need to risk the shitcoins. Its groups are not good and there is no information about the coins pump dump.

[Kelward]

I've always thought that there should've been a sort of regulation how exchanges gets projects listed, so that they can protect investors from scams, but it's obvious that they're in business to make money and they'll list any shitcoins, so project listings on big exchanges is not a guarantee of it being legit. For investors who wants to go for these Ponzi projects, they should buy early, don't be greedy and sale early, grab whatever ROI before it'll vanish, because delay can make them to lose everything, you don't know when the dev. team will pull the plug and exit, then the project will die with investors funds.

[Outhue]

The last time I checked, delisting doesn't take place in the same year that the project is listed on exchange, maybe few years later but are you going to still be holding those altcoins in a few years time? We will be in another bear market already.

Your goal should be buying these new ALTs and take your profit in a alt season, and go away, until another buying opportunity arise in the future, the fact about altcoins is that the newer they are the more potential they have in terms of return of investment.

Most old altcoins dont always do so well like the new altcoins, but if you choose them wisely you will smile when Bitcoin makes a new all time high, go for the best new altcoins like Sui, SEI, Arkham, Hatom, NeonEVM, Arbitrum, Scroll, Zksync, Partisia, and many other good ones.

[JeffBrad12]

it was always like that from very beginning these exchange definitely have their share of their own way to create profit and one of them is definitely by listing some shitcoin, at least the other exchanges out there aren't too haste in listing these meme coin and try to profit off it, but I see it as a kind of shady practice tbh if the exchange list so many meme coin, currently many exchange whenever there are meme coin that just rise in popularity appear they definitely trying hard to list it, just to get that trading volume into their platform probably to pump the trading volume up and also profit off the fee since we all know how huge can these meme coin be having trading volume, recent meme coin that got popular gained 1 billion volume just within less than a week and also gained half billion market cap within less than a week you can figure it out why it can be a really interesting opportunity for many exchange sometime but it also means that if exchange tries to list the most random meme coin or shit coin there is they might lose credibility.

[Belarge]

Be careful before investing in sheet coins as we all know that sheet coins carry high risk. There are many projects that look good in the beginning and then turn into shitcoins and the investors end up losing money. As far as we understand there are many good coins in altcoins no need to risk the shitcoins. Its groups are not good and there is no information about the coins pump dump.

The piece of good works comes with a price. Never to back down from making or climbing the market, we're gradually eating good in the market just that now is my straight core duty to enjoy your man. Our investment are trying to root in with appropriate tasks and ratio, atleast these teams are not that dump, always ready to make precautionary measures to sits ontop of the table with clean pictures. Shitcoins are the orders of the day because they’re more conversant to using average small time frame and still provides the results necessary.

[Alone055]

Those are called pump-and-dump coins or tokens, and by the way, it's not the exchange that buys to pump and then sells to dump those cryptocurrencies but it's the teams behind those projects and the people involved. I wouldn't say that no exchange does that, they can do that as well because everyone out there, including you and me, is looking for profits at the end of the day, and if you can earn some of it by buying a certain token and then selling it after some time, you wouldn't mind. However, you can't blame the exchange for that.

If you buy when a coin or token has already skyrocketed, you are most likely going to lose money, you don't FOMO into such cryptocurrencies out of greed because you won't get anything, and you should also not buy coins or tokens right after they are listed unless you have set a bot that would do the buying and selling for you which will be quick but if you try doing that manually yourself, you will most likely get burned.

So avoid such things to stay on the safe side.

[TastyChillySauce00]

There Are many exchanges where exchange authority listed shitcoins only for money and later, they delist these as like responsible Exchange owner. Let's Have an example With MEXC Exchange! I saw some coins Pump from 600% to 18,000%, many coins pump more than 13000% and that's make me wonder. So i also tried to buy new listing altcoins.

It's a game and it has been running for so long. MEXC has been known as exchange that was very often to list shit scam token. This exchange site was milking shitcoin developer to get listing fees and that's it. Probably the exchange site itself was dumping its token got from the developers for the listing purpose.

But i experience that, New altcoins already pump 300-500% within seconds. Lol. Although i had opportunity to buy overpriced coin cause some coins goes more than 20000%. But i did. And later team create more hype so that more people joined with then. And after a certain time, team dump their share and run away.

Me too but to be honest, playing in solana blockchain is a bit better compared to the centralized exchange site like cex. The meme token in solana blockchain is not gradually died like that. It can consistently gain more volume till it will be listed on big exchange site.

So should be careful such shitcoin games. It may increase your money thousands time but i think, people will loss more than gaining

This is why i often invested small amounts of money into the shit token caused by i used it for gambling purpose. Missing a few hundreds bucks are not something bad.

[kentrolla]

This happens everywhere and exchanges are well aware of these shitcoins but for them it's all about money so we need to ensure we don't get tempted and invest into any coins just by looking at it's recent pump and it can happen even with Binance I can never forget this coin names Nebilo where they suddenly dumped reducing my capital to less than 10% of its original and then they delisted it as if they cares. I think we need to be more vigilant.

[cryptoaddictchie]

Why would you buy on exchange already if the memecoins got listed there means its already pumped pretty good. You must spot a shitcoin on dex while no one is talking about that project so in any case it pumped youll experience a very good profit. The risk there is some memecoins didnt do well after quite sometime and theres none hype being drawn making liquiidity got thin. So its still a risky field if you wanna gamble with memecoin.

[bluebit25]

A coin's listing on an exchange is not an accurate measure of its growth potential. We have seen the rise in popularity of pay-to-list projects on exchanges, making it more difficult to assess the true value of a coin.

That is also the reason why many new investors flock to newly listed coins because they want to make quick profits. They hope that the price of the coin will skyrocket after being listed, helping them earn huge profits. But the reality is that the projects are subject to price manipulation or lack potential.

[Taskford]

Why would you buy on exchange already if the memecoins got listed there means its already pumped pretty good. You must spot a shitcoin on dex while no one is talking about that project so in any case it pumped youll experience a very good profit. The risk there is some memecoins didnt do well after quite sometime and theres none hype being drawn making liquiidity got thin. So its still a risky field if you wanna gamble with memecoin.

Maybe because they think that meme coin will reach up to 1000x just like what other big meme coins in the market that's why they thought that its good idea to buy them and hold since they think it can give them huge fortune if the said meme coin will pump. But unfortunately some of those tokens will not go that way since as we know that there's a lot of scams in that tokens so most provably they might just wait for nothing and waste their money for waiting for great pumps to happen.

People need to settle up their self that there's a big risk for taking a good decision to invest with meme coins since there's no assurance that we can get something in return for putting our trust on some projects there. Much better for these people is to wake up with their fantasy. They should never tolerate those scam devs for always creating a pump and dump scheme since they will just repeatedly wreck people who invest on their meme scam tokens.

[Bushdark]

Almost all the exchanges do this for the money that is why they are always quick to list shit coins because they know it's would be an opportunity for them to make fast money. This is why we have seen that Binance is very strict these days increasing the requirements for a token to be listed on there exchange. There are also exchange like OKX that like listing shit coin and later when the coin lost momentum they would delist it after they are not making money from such project.

[fapar]

Almost all the exchanges do this for the money that is why they are always quick to list shit coins because they know it's would be an opportunity for them to make fast money. This is why we have seen that Binance is very strict these days increasing the requirements for a token to be listed on there exchange. There are also exchange like OKX that like listing shit coin and later when the coin lost momentum they would delist it after they are not making money from such project.

Because Binance is the top 1 exchange and it was the first to encounter problems with the law and suffered a few billion dollar fine. Smaller exchanges are also trying to make money, but if you can’t do this based on trading volumes and the number of users, then you can try to make money on shitcoins. But most likely in the near future, against the backdrop of pressure from cryptoindustry regulators around the world, there will be a gradual displacement of shitcoins from the CEX.

[batang_bitcoin]

As you give the warning to the others, to the others this seems to be an opportunity that they're trying to look as a lottery. That's why many investors are still looking for memecoins or shitcoins because of the gains that they can get. As far as we know about them, this is making them look into the greater gains instead of the long term gains that we're looking for. I am for the long term but I did managed to earn quickly with some of the altcoins before but it didn't happen again.