Excellent analysis, I generally don't buy anything that these influencers recommend

One more thing: I’m going to tell you about something that is causing many people to lose money. This is happening a lot these days on the Solana blockchain. You may have noticed that some coins are increasing in price by 1000% to 10,000% or even more in a matter of minutes. For this, scammers are forming groups. They gather people with large amounts of specific coins and those with a huge number of followers on Twitter. We call these people 'influencers.

They all buy the coin at the same time, continuously. Some even use bots to keep buying. If a coin with a low market cap is continuously bought like this, its price rises abnormally. Initially, they promote these coins through Discord, X (Twitter), and Telegram. You may have seen many accounts on X promoting coins with names like 'next100xcoin.' To be honest, it’s just a group of scammers behind this.

So, if we go and buy the coin this way, the scammers have already bought it at a much lower price. Some people launch coins, and by then, they have already bought them at the lowest price. Finally, when many people see the news on social media and start buying, the scammers sell them all at once, making huge profits. The market value of these coins then collapses. Let me give you some examples for you to look at. Don’t fall for these scams. I know a thousand people will fall for them, but my hope is to save at least a hundred people.

If you’ve learned at least a little from my posts and managed to avoid these scams, make sure to follow me and subscribe. I will continue updating more things like this in the future.