New Try to Cheat Again

I talked in a previous post about the Squid game currency, which fell from a level of close to 3 thousand dollars to less than a cent, and warned that those currencies that rise quickly are only intended for fraud.

As Coinmarketcap stated after the scam:

We have received multiple reports that the website and socials are no longer functional & the users are not able to sell this token in Pancakeswap. Please do your own due diligence and exercise extreme caution. This project, while clearly inspired by the Netflix show of the same name, is not affiliated with the official IP.

And I said that this currency, which rose in a few days in order to entice users to buy more of it and to double their capital, was not intended only for fraud, so everyone had to warn and I wrote that publication.

My Last Post about this coin

But what caught my attention when I opened Coinmarketcap today is that I found this coin in Biggest Gainers for today. I didn't expect it to be the same coin, but when I opened it, I found that it was the coin that scammed a few days ago and this time its price went up about 300%.

It seems that the currency team wants to take advantage of the hype that occurred about that currency in the news platforms and people's follow-up to the currency and wants to return the swindling ball again, as I found the Trading Volume in 24h about 12 million dollars and the price of the currency rose to about 0.018.

As I mentioned, the currency appeared in Biggest gainers, and with this rise, some may think that the currency is on its way to rise again, and this is the best example of greed that follows fraud.

As most traders have seen a lot of these examples before, not necessarily on the same currency, but there were many rapid rises, good news, and then a sharp decline, so we must learn the lesson.