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
That's really stressful! These kind of coins not only destroys that market but they also effect the minds of people who are passionate about learning and earning from crypto. These needs to be stopped so that people can be saved from these type of losses.
There shouldn be proper campaigns launched by the experts once they recognise any coin that it's a shit coin. The purpose of these coins should be to educate people about them and to safeguard them from investing into these scams .
You have good intentions but this is not possible, people want to get rich quickly, and scammers are willing to provide the illusion this is possible, so there is a huge demand for those coins and the scammers are willing to supply it, as even if the majority of those coins never pump, there are a minority of those that do, allowing some speculators to get huge profits, a thing that only encourages others to do the same and invest all their money away in one of those coins.