The annoying thing is that some social media influencers and celebrities are a part of this.They are used by these scammers.People get drawn the moment they see celebrities.Their presence tends to give it credibility and then boom, it rugs.
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Yeah they are most times the reason why people get confused and going into this. But notwithstanding we shouldn’t fall for the same mistakes over again
Some shitcoins are created with the intention of artificially inflating their price through manipulation and then selling the coins at a higher price, before the price crashes back down. This can leave investors with worthless coins and significant losses.
I agree with this, celebrities joining in this, is one of the problems we have. The celebrities don't care whether it's true, they accept to advertise for the scammers for the money. No credibility!