Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
#Hundredfold coins, thousandfold coins? Today I’m tearing off the masks of these “fantasy coins”
#rave
Serious Risk Notes
“Bro, this coin will be a hundred times next Monday, trust me.”
“Someone in my group turned 300U into 30kU with this coin.”
How many times have you heard this kind of talk in the crypto world in a single day?
When I first entered the scene, I was most susceptible to this. Seeing a contract address posted in a group, a pool with only tens of thousands of U, and a K-line shooting up like a rocket, my mind was only left with three words: rush in.
Later, I lost everything and finally understood this. Today’s article is about breaking down the tricks behind these “fantasy coins” for you.
---
1. All fantasy coins follow the same script
Do you know how those “overnight hundredfold” coins are created?
1. Token issuance: costs a few cents, done in minutes.
2. Pumping: the project team holds 99% of the tokens, moving them from hand to hand, pushing the price up to form the first big bullish candle.
3. Pump calls: find a group of KOLs and “shills” in communities, start shouting “hundredfold secret” across the internet.
4. Pig slaughter: the moment you rush in, they’re selling. The K-line still rises because retail investors like you are still buying in. Once they finish selling, the K-line drops to zero in a second.
You’re not “investing,” you’re racing to be the last bag-holder.
---
2. These fantasy coins target your three weaknesses
First, they hit your “fear of missing out”
Others post screenshots showing how many times it’s risen. Your brain automatically plays: if I also buy 100U now, wouldn’t it be worth tens of thousands? But you never consider that the screenshot might be faked, or that insiders have already laid out their positions, waiting for you to buy in.
Second, they target your “desire to recover losses”
You previously lost money and can’t accept it. You think that as long as you catch a hundredfold coin, everything will come back. The fantasy coin project teams love this mentality because “wanting to recover losses” makes people the most irrational and easiest to deceive.
Third, they target your “herd mentality”
Everyone in the group is shouting “rush,” and if you don’t, you’re afraid of being called conservative. But look at those shouting “rush,” how many actually bought? The only person who might have bought is probably just you.
---
3. How to tell if a coin is a fantasy coin?
Here are some hard indicators to check next time you want to rush in:
1. No audit report, or the audit is from a shady company. Legitimate projects at least get audited by agencies like SlowMist or CertiK. If not, treat it as air.
2. The team is anonymous. Founders don’t show their faces or disclose identities, only saying “We are a community-driven decentralized project.” Translation: they’re preparing to run away, don’t find me.
3. The liquidity pool isn’t locked or is only locked for a short time. Unlocked pools mean the project team can withdraw all the funds at any time. Pools locked for just a day? The coin could be zeroed out by tomorrow morning.
4. Very few addresses hold the tokens, but the market cap is inexplicably high. This indicates 99% of the tokens are in one person’s hands. They’re waiting for you to buy in, then they’ll dump everything on you.
5. Words like “hundredfold” or “thousandfold” are themselves red flags. Legitimate projects wouldn’t shout like that. Whitepapers say “We are committed to building Web3 infrastructure,” but fantasy coin groups say “Rush, 100X tomorrow.”
---
4. When I see a fantasy coin now, I go through three mental checkpoints
This is a conditioned reflex I developed with real money, and I pass it on to you:
First: Besides gambling on others to buy in, what else does this coin do?
Second: Is my reason for buying it something I came up with, or was it pushed onto me?
Third: If I lose everything on this, can I accept it? If not, I won’t invest a penny.
If I pass all three, I consider it. If I fail even one, I shut it down immediately.
---
No matter how good-looking a fantasy coin appears, it’s all built on the same bones.
The only lesson it can teach you isn’t a hundredfold return, but this: in the crypto world, all promises of effortless gains will eventually cost you.
In the next article, I’ll talk about how to use on-chain tools to check if pools are locked and whether the token distribution is healthy. These are the “self-defense skills” you should learn, not just searching for that hundredfold code everywhere.
---
(This article is based on personal experience and does not constitute any investment advice. Only sharing insights and risks.)