Recently, I heard a pretty upsetting story— a student was scammed into the primary market, and just like that, several thousand dollars were gone. He was already clueless about the crypto world, and as a result, he was completely stunned by the scam tactics in the primary market, now he's quitting the scene altogether.

Many people think the primary market is a place to make easy money, but in reality, it's full of traps everywhere. The scam tactics I've seen in the primary market are truly diverse. Some tell you that a major exchange has listed this coin, implying it's stable, but in fact, that's just a regular wallet address with a verifiable contract—nothing to do with the exchange.

Various low-quality high-yield staking schemes, quitting and generating seed phrases, claiming airdrops but requiring funds in your wallet for "verification" (which is actually multi-signature), transferring tokens to contract addresses with promises of tenfold returns—these old tricks are well known. But the cruelest are the "helpful big brothers" schemes that push you into low-quality coins. They let you play a few times to taste some success, then tell you that a life-changing opportunity is here, urging you to go all-in, promising to make you financially free in one shot. When the market opens with a sharp drop, within 1 to 2 minutes, even the liquidity pools are gone.

I could feel the helplessness and regret coming through the screen from that student. Several thousand dollars is a huge amount for him, but this money is unrecoverable. Honestly, if you haven't figured out the secondary market, why rush into the primary market and become a target? There are so many scam cases in the primary market—be more cautious.