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📉 #M (#memecore ) Recorded a drop of about 85%.
📌 For reminder, blockchain analysts ZachXBT and #MLM had previously warned of several dangerous indicators in the project, most notably:
➤ Insiders holding more than 99% of the token M’s circulating supply.
➤ Severe weakness in on-chain liquidity.
➤ The possibility of manipulation in the project’s valuation and market cap.
🔍 New comment from #zachxbt :
➤ Over the past two weeks, there have been no recorded transactions on the BNB Chain network for token M exceeding $50,000.
➤ The total liquidity available for the token on-chain was only under $100,000, despite the project’s stated market cap being around $900 million.
➤ This means that a relatively small sell order was enough to cause a sharp price collapse due to the lack of buyers and sufficient liquidity.
⚠️ The most important lesson: a high market cap does not necessarily mean there is real liquidity. A project may appear to be worth hundreds of millions of dollars, but if the actual liquidity is very low and the tokens are concentrated in the hands of a small number of wallets, any selling pressure can lead to a rapid price crash.
📌 For reminder, blockchain analysts ZachXBT and #MLM had previously warned of several dangerous indicators in the project, most notably:
➤ Insiders holding more than 99% of the token M’s circulating supply.
➤ Severe weakness in on-chain liquidity.
➤ The possibility of manipulation in the project’s valuation and market cap.
🔍 New comment from #zachxbt :
➤ Over the past two weeks, there have been no recorded transactions on the BNB Chain network for token M exceeding $50,000.
➤ The total liquidity available for the token on-chain was only under $100,000, despite the project’s stated market cap being around $900 million.
➤ This means that a relatively small sell order was enough to cause a sharp price collapse due to the lack of buyers and sufficient liquidity.
⚠️ The most important lesson: a high market cap does not necessarily mean there is real liquidity. A project may appear to be worth hundreds of millions of dollars, but if the actual liquidity is very low and the tokens are concentrated in the hands of a small number of wallets, any selling pressure can lead to a rapid price crash.
🚨 EXPLOSIVE NEWS FROM INDIA! Court Brutally Denies Bail to Crypto Pyramid Kingpin! 🔥
India’s Himachal Pradesh High Court has rejected the bail plea of Abhishek Sharma — a key promoter in one of the country’s largest crypto MLM scams.
😱 Scale of the Fraud:
Over 80,000 investors duped across India
Total investment pool: ~2 billion INR
Confirmed losses: over 500 million INR
The scheme operated classically:
Platforms Korvio, Voscrow, DGT, Hypenext, and A-Global promised to double your money. Small payouts were made at the beginning to lure more victims. Then on December 25, 2021, all withdrawals suddenly stopped. Promoters started shifting people to new platforms… until everything collapsed.
India’s Enforcement Directorate (ED) raided 8 locations, froze 12 million INR in cash and bank accounts. Funds were laundered through real estate developers, shell companies, and family accounts. Some top operators fled to Dubai 💼✈️
Hard reminder to the entire crypto market:
Promises of “guaranteed 2x–10x” almost always end the same way — tears for investors and handcuffs for the scammers.
Stay smart. Don’t chase hype. DYOR or prepare to lose everything! ⚠️
#CryptoScam #CryptoNews #MLM #ScamAlert #Web3 $STORJ
$ZEC
$WIF
India’s Himachal Pradesh High Court has rejected the bail plea of Abhishek Sharma — a key promoter in one of the country’s largest crypto MLM scams.
😱 Scale of the Fraud:
Over 80,000 investors duped across India
Total investment pool: ~2 billion INR
Confirmed losses: over 500 million INR
The scheme operated classically:
Platforms Korvio, Voscrow, DGT, Hypenext, and A-Global promised to double your money. Small payouts were made at the beginning to lure more victims. Then on December 25, 2021, all withdrawals suddenly stopped. Promoters started shifting people to new platforms… until everything collapsed.
India’s Enforcement Directorate (ED) raided 8 locations, froze 12 million INR in cash and bank accounts. Funds were laundered through real estate developers, shell companies, and family accounts. Some top operators fled to Dubai 💼✈️
Hard reminder to the entire crypto market:
Promises of “guaranteed 2x–10x” almost always end the same way — tears for investors and handcuffs for the scammers.
Stay smart. Don’t chase hype. DYOR or prepare to lose everything! ⚠️
#CryptoScam #CryptoNews #MLM #ScamAlert #Web3 $STORJ
$ZEC
$WIF
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