Post
Topic
Board Altcoin Discussion
Re: A painful loss
by
dimonstration
on 18/02/2022, 08:30:29 UTC
I lost 430$ to a metaverse scam project yesterday, the project looks a lot like a professional job to me, everything was so detailed that you can't easily smell any rug pull, here is the project's website https://markmeta.finance/ but unfortunately it's a scam project, you can buy but you can't sell so here are what I find out

1. The price of this token kept surging and surging, there was no retrace or whatsoever which to me is a red flag, the whole chart was a straight line aiming for the moon.

2. Telegram channel was restricted, no one can make comments or send messages, another red flag that I don't get suspicious over

It's too late already but hope someone learn one or two lessons from this

No doubt that this is a rug pull but as what can I see on the poocoin, There's a different buy & sell happening on that token. Are sure you are using the right slippage percentage when you are creating sell order on pancakeswap? It seems that the coin is trading properly and the recent dump is typical pump and dump of new shit coin in BSC. Maybe you should try to increase the slippage percentage so that you can sell your tokens and recover some amount of your investment. Typically you should use 15% slippage on this kind f shit tokens. Sorry for your loss.