Imagine a NEW crypto with the Name 'Rope' has a trading volume of over 5 millions usd on uniswap. A visit to the website '
https://rope.lol/" has a BOLD Image of a hanging rope with further inscription 'Do not buy it' followed with a grinding face that looked like someone who got scammed.
In a summary, the webpage is saying. do not buy 'ROPE' you could loose everything and you will regret it.
Out of curiosity, check out the token site and it hard to believe that the whole concept of the project is all a joke FOMO
But the reverse is the case. As a matter of fact. this token made 118%
within 24 hours of listing and have a volume of 5 millions usd on Uniswap.
Not all liquidity are gain in genuine way and the liquidity you saw on Uniswap can be manipulated by project team cause there are company that execute it for new project.
My observation on this. Most people no longer care about the objectives of a project. they just want to Make GAINS.
the days of do your Research is fast diminishing and most market users cared less about what they do with their money that they can invest on a project with BOLD description "this is a scam' as long as there is a return.
i tried to trade the token but after visiting the site, i lost my little sense in trading on uniswap.
BE CAREFUL....
.
Note this, ever since uniswap launched their UNI airdrop (which was tagged as the most expensive airdrop in crypto history) Uniswap have been the homeland of all crypto project scammer, they also understand that the airdrop they did will travel genuine and cheat priject to their platform and thats the reason why they provide a warning note whenever people want to buy token on their site.
With that been said, we still can be sure if investors don't do research anymore cause 97% of all new project are hype base and what they do is to buy traffic/liquidity but I hope naive investors won't be a victim of these tricks.