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
This is scam to the next level, wolves coming in sheep clothes, scamming investors through a legit means, this is why everybody that is coming into the crypto space shouldn't rush, but take some time to gain knowledge about how the system works. Newbies should just stick with Bitcoin investment, then gradually begin to learn how to navigate the scam infested waters of altcoins, so they won't fall for these project hypes and invest greedily, in the end they'll loose all their funds. I've learnt the lesson that projects being listed on reputable exchanges doesn't mean that it won't end up being a scam.