This project most likely fell apart after negotiations with a major exchange. No wonder the price was cut in half directly.



Even more astonishing, the founder actually pre-announced that they will launch a Life K-line Fund tomorrow. Donations can still earn "merit coins," and the announcement was made 3 minutes early. After seeing this combination of tactics, I finally understand: this founder previously said they never made money, but now they are really starting to earn.

The approach is actually simple—first create hype and anticipation, combine donations with token incentives, and cloak the actions in the guise of "merit." Do you think this logic is a bit interesting? The founder said earlier they didn't make any money, and now they pull off such a mechanism—pretty seasoned.

A 50% drop plus this series of moves makes me even more convinced that this is really a wave to cut profits.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
OldLeekNewSicklevip
· 01-12 16:53
Oh no, I've seen this trick too many times before—donation + virtue coins, basically just repackaging old wine in new bottles. Wait, announcing it to the public 3 minutes early? The logic behind this leak is way too obvious. It's not that they haven't made money before; they're really about to start earning now. A 50% drop and still daring to run a fund? The founder's tactics are indeed sophisticated. I've truly gained some insight.
View OriginalReply0
RugResistantvip
· 01-12 16:45
nah this reeks of coordinated dumping. exchange deal fell through → sudden pivot to "virtue coin" minting? analyzed the timeline, classic exit liquidity pattern. 50% drop + charity disguise = high-risk indicators flagged. needs immediate community audit before touching this tbh
Reply0
OnChain_Detectivevip
· 01-12 16:43
nah this is textbook rugpull behavior right here. 50% dump + "charity token" launch? pattern analysis screams it loud and clear
Reply0
RugPullAlertBotvip
· 01-12 16:30
Damn, the name "Merit Coin" is really clever, making it seem like charity while actually taking people's money. This tactic is really seasoned; they promote donations as incentives, and just change the name to make it seem like a noble cause. A 50% drop and still daring to raise funds, isn't that just harvesting the leeks? It's ridiculous to say they've never made money; aren't they already starting to earn now? The negotiations with the exchange probably really fell apart; the price says it all. After this series of moves, I believe it—definitely a scam.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)