Everyone wants the next 100x
But avoiding losses is just as important when investing
Here are 5 red flags you can't afford to ignore 🧵
But avoiding losses is just as important when investing
Here are 5 red flags you can't afford to ignore 🧵
1️⃣ Unlocked wallets 🚨
Since @FTX_Official collapse, one mysterious wallet holds 60% of the supply of #FTT - unlocked and unlabeled
Large wallets can liquidate at anytime and create devastating repercussions.
Top wallets should be labeled and securely locked
Since @FTX_Official collapse, one mysterious wallet holds 60% of the supply of #FTT - unlocked and unlabeled
Large wallets can liquidate at anytime and create devastating repercussions.
Top wallets should be labeled and securely locked
2️⃣ Wallet splitting
Large holders execute advanced techniques to deceive you.
@babycarebsc stole $500k from investors by simultaneously selling from 50 different wallets.
Those wallets were connected through BNB transfers - forming an easy to recognize cluster 🚩
Large holders execute advanced techniques to deceive you.
@babycarebsc stole $500k from investors by simultaneously selling from 50 different wallets.
Those wallets were connected through BNB transfers - forming an easy to recognize cluster 🚩
3️⃣ Wash trading
This happens when an investor simultaneously sells and buys an asset to inflate the volume and lure investors
A widespread and unfortunate occurrence in the NFT market
Spotting this is easy when you know how 👇
This happens when an investor simultaneously sells and buys an asset to inflate the volume and lure investors
A widespread and unfortunate occurrence in the NFT market
Spotting this is easy when you know how 👇
https://twitter.com/bubblemaps/status/1612088058291027968
4️⃣ Botted launch
The first hours of a token launch require the most attention
@RotinHell_NFT was doomed when an investor took advantage of the free mint and claimed 50% of their NFTs
200 wallets are connected to a single point, with #AVAX transfers going back and forth 🚩
The first hours of a token launch require the most attention
@RotinHell_NFT was doomed when an investor took advantage of the free mint and claimed 50% of their NFTs
200 wallets are connected to a single point, with #AVAX transfers going back and forth 🚩
5️⃣ Deceptive tokenomics
Tokenomics sound good on (white) paper, but it must correlate with on-chain data:
» Is the team holding more than initially presented?
» How many tokens were sold during the rounds?
» How big is the reserve?
Don't trust, verify
Tokenomics sound good on (white) paper, but it must correlate with on-chain data:
» Is the team holding more than initially presented?
» How many tokens were sold during the rounds?
» How big is the reserve?
Don't trust, verify
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