Do you remember what happened with $DEGO? The story seems to repeat itself and retail investors are often the most affected. Binance has already placed the Monitoring Tag on Highstreet ($HIGH), and there are plenty of reasons to be cautious:
1. Minting Function Detected (BSC): As you can see in the audit, it has been detected that the contract on the BSC network allows minting new tokens. This means that the total supply can increase at will, diluting the value of your investment and sinking the price in seconds.
2. Delisting Risk: The tracking label is the prelude to removal. Binance warns that the token no longer meets all quality standards and its volatility is extreme.
3. BEP-20 Network Closure: Support for deposits and withdrawals via BSC ends on April 23rd. Coincidence? In crypto, it rarely is.
My warning ⚠️
Those sudden "pumps" of 300% that we have seen are liquidity traps. Don't enter out of FOMO in a project that has the "print money" button open and a risk label on top.
Protect your capital. It is better to miss a suspicious rise than to get stuck in an asset that is on the way to delisting. 🛡️
#FutureTarding #RiskAlert #TradingTips #BinanceSquare #SmartInvesting
HIGHUSDT
Perp
0.215
-12.28%
BNBUSDT
Perp
638.25
+0.26%
