Futures
Access hundreds of perpetual contracts
TradFi
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
These days, the altcoins in the crypto world are going completely crazy, often pumping several times or dozens of times in a short period. RAVE, controlled by a whale, surged over tenfold in just a few days. Even though 90% of these pump-and-dump schemes end in collapse, countless aggressive gamblers still rush in to chase the next "RAVE myth."
Taking advantage of this frenzy, many project teams are directly harvesting profits. Take FF, which started at $0.07 in the early hours of the 11th, and within an hour, was violently pumped to $0.18, only to plummet sharply afterward. The current price is just $0.07786, trapping retail investors who chased the high and leaving them stuck at the bottom.
INX is even more outrageous. After doubling in price through a pump, the team immediately dumped tokens worth $400k, causing the price to halve instantly. They didn't even bother to pretend; on-chain data clearly shows the project team is just harvesting.
What's more ironic is that both are "star projects" that received massive funding—FF raised $20 million, and INX secured a top-tier financing of $65.3 million.
They should be focusing on building ecosystems and creating value for users, but instead, they rely on pump-and-dump schemes to lure and dump liquidity, showing a disgusting and ugly side of the industry.
Retail investors, stop dreaming of catching the next $RAVE . All these deliberately pumped altcoins are essentially traps set by whales. Only by protecting your principal, staying away from scam coins, and focusing on mainstream tokens like $BTC $ETH with solid prospects can you ensure long-term survival in the crypto space.