$ESPORTS plummeted 93% in a single day, the most blatant rug pull in crypto this year, no contest.
Don't even talk about market corrections, on-chain data is crystal clear—it's a blatant cash grab by the team. They dumped 43% of the circulating supply onto the chain, skipping the whole process of transferring coins to wash addresses, making it obvious they weren’t even trying to hide it. To make things worse, it’s been revealed that there’s only one person in the office, and the office address is a total ghost, shattering retail trust into pieces.
Looking at the data is even more painful. The 24-hour trading volume is $30.67 million, while the total market cap is just $28.63 million. The volume dumped is higher than the current market cap; this isn’t just unloading, it’s scattering the project’s ashes for cash. The previous hype around esports Web3 was just a trap for retail investors.
As an on-chain detective, let me give you a heads-up: don’t touch any small tokens that haven’t done on-chain team verification. $ESPORTS even faked their team size, and all the previous event collaborations and tech advancements were just a self-directed scam. If you're trading contracts, steer clear; this coin’s depth can’t even handle a $100 sell order, going long or short is just giving away money.
Have any of you stepped on a rug pull like this that doesn’t even have its pants on? Drop the code in the comments to help the bros avoid the pitfall.
#Web3 #加密货币 #RUGPULL
$ESPORTS
Don't even talk about market corrections, on-chain data is crystal clear—it's a blatant cash grab by the team. They dumped 43% of the circulating supply onto the chain, skipping the whole process of transferring coins to wash addresses, making it obvious they weren’t even trying to hide it. To make things worse, it’s been revealed that there’s only one person in the office, and the office address is a total ghost, shattering retail trust into pieces.
Looking at the data is even more painful. The 24-hour trading volume is $30.67 million, while the total market cap is just $28.63 million. The volume dumped is higher than the current market cap; this isn’t just unloading, it’s scattering the project’s ashes for cash. The previous hype around esports Web3 was just a trap for retail investors.
As an on-chain detective, let me give you a heads-up: don’t touch any small tokens that haven’t done on-chain team verification. $ESPORTS even faked their team size, and all the previous event collaborations and tech advancements were just a self-directed scam. If you're trading contracts, steer clear; this coin’s depth can’t even handle a $100 sell order, going long or short is just giving away money.
Have any of you stepped on a rug pull like this that doesn’t even have its pants on? Drop the code in the comments to help the bros avoid the pitfall.
#Web3 #加密货币 #RUGPULL
$ESPORTS