When there is a hype about a project everyone thinks that if they invest in it then they might get a huge return but unfortunately after panic investing there the project turns out to be a scam which makes everyone lose their money. Which is really sad. So I agree with you that one should think twice before investing anywhere . and we shouldn’t investment our full fund in one project
And exactly due to that I wonder how there are still so many people believing in this stuff. I can't imagine myself running for a new hyped coin, brightly believing it will make me rich in 3..2..1.. No matter I give chances to less known projects. But I don't put everything in them.