Tracyit 🥰
@tracyit
HELP I'm so confused Help me understand. I saw this shill and a few frens jumped in so I was gonna too. But I got there and saw all sorts of red flags -low liquidity (in fact no initial LP) - top 10% of holders own more than 50% - Mint function is not disabled. so more tokens can be created anytime - Dev tokens are still in play On the other hand so many BC holders are in, and the first 70 buyers looks dreamy and only 4% are insiders
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Mikado
@mikadoe.eth
I have no idea what all this means but I hope it's safe cause I sold everything else and went all in on this 🙈
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Breech 🎩🍖Ⓜ️
@breech
NGL, you should NEVER go all in on a random new launch, whether it's from a public figure or not. This was a very low effort launch and they made a fortune from people FOMO'ing in. Couldn't add liquidity, didn't even pay for dexscreener, along with a lot of other red flags as shown in @tracyit's OP. Hopefully it's not a large sum of money, and who knows, maybe it'll work out, but you should refrain from FOMO'ing on that level in the future fam. 💜
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Mikado
@mikadoe.eth
yeah I have no idea what I'm doing and I've been lucky so far. I should stop.
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Breech 🎩🍖Ⓜ️
@breech
Trading with FOMO and emotions, and using all your funds in 1 trade are surefire ways to lose it all at some point. Like Tracy said, take a step back, start utilizing some research tools, and spread the funds out a bit. Unless we're talking about a very small sum, then it's ok to be all in a singular project, but with the assumption you might go bust and have to start over sometimes too. The bull run is on, there are tons of legit, safe projects in the top 100 market cap to park money in as well!
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