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
Daily someone facing this kind of issue. Scammers usually use the trending label over scam project to deceive investor. Couple if month ago They used Meme coins label and now Metaverse and NFt.
I am shock why investor choose this Kind of new project without any knowledge if their team,Backers,partnership. Onlu Metaverse Name and Web is not enough to be success un market.
There are top class Metaverse Project already available in market which are already listed in top class Tier 1 exchange, then no need to test new project.