This is a real new and factual example of how scammers operate in this market. The owners of this coin managed to raise over $2.25 million during the initial offering. They then listed the coin, deceiving people into believing it was the currency of the future. Their strategy relied simply on creating FOMO, in collusion with some unscrupulous influencers. They then listed it on the MEXC platform and proceeded to dump their holdings on all the investors.