First of all many members will roast me and will say that where you got such idea, why are you bluffing but this is Bitcoin discussion, so I thought that I should share something.
1) Many Of Small traders always got into the Trap of Whales? Why?
2) There are Always Ponzi Schemes in All Bull runs like 2027 was ICO big Scam
And Now BIG crypto projects Got scammed in 2022 like Terra Luna, FTX, Solana, Serum etc. They are not just coincidence. These are preplanned Scams. And that. Sucks.
3) I think that Big Exchanges that are centralized are Big whales cause they know how much volume they have and how many longs and also Shorts. In this way they can Scam with many many wats. And also that is a small reason that we cannot outsmart Whales 🐋🐳.
I think you have got some misinformation because Solana and Serum have not scammed yet.
They have suffered the price declines because of the collapse of FTX. Since FTX was involved in Solana and Serum they faced a blood bath.
So we can't really say that Solana and Serum has scammed users.
Thorough findings properly before concluding some crucial information about some projects. Perhaps we have witnessed some big scams in the market this year and the past ones, but traders and investors needs to be extremely careful not to fall in the hands of scams. There are countless ways to scammed people in the space and there are also many ways to prevent it. Terra Luna liquidation and got delisted from top exchanges was costs most people gigantic losses because some had large pieces of the coin. Let's be careful to not fall in the hand of scam but we should be well highlighten how the space operates.