There Are many exchanges where exchange authority listed shitcoins only for money and later, they delist these as like responsible Exchange owner. Let's Have an example With MEXC Exchange! I saw some coins Pump from 600% to 18,000%, many coins pump more than 13000% and that's make me wonder. So i also tried to buy new listing altcoins.
But i experience that, New altcoins already pump 300-500% within seconds. Lol. Although i had opportunity to buy overpriced coin cause some coins goes more than 20000%. But i did. And later team create more hype so that more people joined with then. And after a certain time, team dump their share and run away.
So should be careful such shitcoin games. It may increase your money thousands time but i think, people will loss more than gaining
Actually, I'm also amazed to see coins pump thousands of percent. Those rising green numbers definitely create a sense of excitement! However, playing with shitcoins in these situations is extremely high-risk. It's even riskier than investing in new but legitimate projects. You're right – most people end up losing because it requires lightning-fast reactions and perfect timing to sell out before the dump. If you're even slightly too late and buy near the peak, it can be a terrible experience for both your wallet and your nerves