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
It's true that some exchanges list questionable coins mainly for profit, only to delist them later. Take MEXC Exchange as an example; I've seen coins skyrocket by ridiculous percentages, like 18,000%. I've even tried investing in new altcoins, but found they often pump by 300-500% within seconds.
I once bought an overpriced coin that shot up by over 20,000%. The team behind it hyped it up even more, attracting more investors. But eventually, they dumped their shares and disappeared.
So, it's crucial to be cautious with these "shitcoin" games. While you might make a lot of money, the risks are high, and many end up losing more than they gain.