【币界】Recent token projects related to New York have staged a “roller coaster” market. The token just launched on Monday with a surge in price, then sharply declined, sparking heated market discussion. The relevant parties denied profiting from it, claiming that the circulating information about fund transfers “does not match the facts.”
But market observers have long seen through the trick—this is a typical rug pull scam. Developers, after gaining enough attention and funds, suddenly withdraw support, causing investors’ funds to evaporate, and the token price to plummet.
Such incidents occur frequently, reminding us to scrutinize project transparency, team background, and liquidity mechanisms before participating in new token projects. The market always offers opportunities, but risk awareness is even more important.
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A emissão do NYC Token colapsou: a verdade por trás do aumento e da queda abrupta
【币界】Recent token projects related to New York have staged a “roller coaster” market. The token just launched on Monday with a surge in price, then sharply declined, sparking heated market discussion. The relevant parties denied profiting from it, claiming that the circulating information about fund transfers “does not match the facts.”
But market observers have long seen through the trick—this is a typical rug pull scam. Developers, after gaining enough attention and funds, suddenly withdraw support, causing investors’ funds to evaporate, and the token price to plummet.
Such incidents occur frequently, reminding us to scrutinize project transparency, team background, and liquidity mechanisms before participating in new token projects. The market always offers opportunities, but risk awareness is even more important.