The first Africa crypto project was established to steal people's money, when wakanda came out in towards July 2021 and did the burn in September, many people wasted their hard earn money to buy enough, I personally use $300 to buy wakanda which accumulate 2billion plus, but since then, wakanda never rise for once, only going down, my money is less than $10 remaining.
Please what is the aimed of those people doing fake crypto currency?
The reason why? Perhaps you have mentioned it already and they will keep doing that as they see potential people like you OP who easily entrust their money in new projects without research. But you can't blame them either nor question why they are doing this because if we take caution before investing and if all people/investors are doing this stuff, they will stop for sure. Unfortunately, so many greedy and innocent people in the crypto space, and they usually get fooled by scammers especially, when you show them an interest in their platform.