Beware of scam projects out there ⚠️⚠️

[OsaiEmma]

Good day forum, hope you'll are doing good wherever you're located.

So, I came across a project recently and it had a horrible ending. At first there was a lot of buzz and hype around it, and it was pumping like crazy, untill it came crashing down.

         

This token, ESPORTS was created mid 2025, and it is dumping up to 90% this year. I once heard from the forum that shitcoins are just created to drain people's funds, take a look at what they're cashing out, $13M+, this is crazy, like this space is full of scams and all.

I use to sometimes try seeing if there are any good projects out there that I can take advantage of their pump, but this is scary, this is barely a year and it is dumping like this. I ain't touching shitcoins again.

No need for speculations, this is purely a rug pull, a dev project to cashing out big, there is no utility, no problem solving, just create, hype, and then rug pull to cash out.

Advice: We all should just focus on investing in Bitcoin, I know a lot of us already have this sentiment, but for those who are just starting, and those thinking just like me, that maybe I can cash out from a shit project, well, it's a gamble, so it might be possible, probably after loosing a lot of money to some scam devs, but don't, apply the DCA method, and you'll come out better at the other side.

Disclaimer: I did not invest in this, I only saw the news so I decided to share here.

[Charles-Tim]

In this month, the coin increased to $0.836 before it started falling. It has falling to $0.04 . That was a massive fall of a coin within just one month.

It fell from 0.76 to $0.4 within 30 minutes 2 days ago. This is very common in crypto. The most noticable one last month was RaveDAO, but it is happening often.

[Mahiyammahi]

If team have majority their token unlocked and a plenty amount of token just in circulating for marketing than it's really questionable. These rugpull are happening a lot recently. I think these hypes arw gets created artificially  by the team itself for securing a quick exit. Those KOLs are paid defenetly.

I ain't gonna put my all fruits in one basket.

[Oshio-man]

I don't know what is making some investors to used huge amount of funds in such new  project without thinking that the project is new in the industry, am not saying you should not use huge amount of funds to invest but don't let it be some projects that showcase some signs of failure in the future, which is what this project investors are experiencing now and if they are not careful to think positive, it may lead them to loss everything at the end. Assume they invest this kind amount of funds in bitcoin, it wouldn't create fear in them because other investors would have encourage them not to sell than to continue holding the bitcoin.

[Majestic-milf]

 I don't think this will serve as a warning to others who get excited when a new project introduces itself into the market. The way I see it, some developers know how eager as and sometimes greedy some people can get once there's a new token or coin trending. The hype alone will speak volumes that it's just a pump and dump designed to clear you of your money but they won't listen and when the project crashes, you'd see them whining and  cursing online. Trading is risky but there are some risks and losses one can avoid if they aren't desperate.

[The Cryptovator]

This token, ESPORTS was created mid 2025, and it is dumping up to 90% this year. I once heard from the forum that shitcoins are just created to drain people's funds, take a look at what they're cashing out, $13M+, this is crazy, like this space is full of scams and all.

I use to sometimes try seeing if there are any good projects out there that I can take advantage of their pump, but this is scary, this is barely a year and it is dumping like this. I ain't touching shitcoins again.

No need for speculations, this is purely a rug pull, a dev project to cashing out big, there is no utility, no problem solving, just create, hype, and then rug pull to cash out.

Don't jump on new shitcoins unless they prove themselves as trustworthy and real in development. This isn't new in this crypto industry; they come just to drain our wallets. Unless you take lessons from these types of scam projects, then probably you will lose funds constantly. At the beginning of a listing, they try to pump through various ways by creating hype, market-making and influencers. So when the price goes a little bit up, then they rug investors.

Developers aren't thinking about investors because they come here to rug pull investors' money. When there is a good price, then they will sell their holding that they call 'team tokens'. They sell all together, and the price will go almost near zero. Because almost all liquidity will be pulled by the scammer team, and nothing will be left for their investors.

[BlackBoss_]

So, I came across a project recently and it had a horrible ending. At first there was a lot of buzz and hype around it, and it was pumping like crazy, untill it came crashing down.

This token, ESPORTS was created mid 2025, and it is dumping up to 90% this year. I once heard from the forum that shitcoins are just created to drain people's funds, take a look at what they're cashing out, $13M+, this is crazy, like this space is full of scams and all.

Advice: We all should just focus on investing in Bitcoin, I know a lot of us already have this sentiment, but for those who are just starting, and those thinking just like me, that maybe I can cash out from a shit project, well, it's a gamble, so it might be possible, probably after loosing a lot of money to some scam devs, but don't, apply the DCA method, and you'll come out better at the other side.

Bitcoin is the best and strongest cryptocurrency, while with many altcoins which are mostly scams and the others are low quality and weak altcoin projects, investing or trading with such altcoins is very risky.

If people don't want to lose money with altcoins, they can stick with Bitcoin. Investment is safer and more likely profit guaranteed than trading so even with Bitcoin, let's do your proper long term investment by buying bitcoin, DCA it, and hold it a long time like several years.

How many cryptocurrencies failed?
Remember that scammers will continue creating new scam projects, with new scam trends in future years, so the number of failed, and died altcoins will not stop increasing.