亿多's Profile | Binance Square

$CFG This coin is like rat poison—whoever buys it will die. Earlier, I also looked favorably on the RWA track. This coin, however, is in the RWA category and has a low market cap, so I went long on the contract and also bought the spot. Later, on 8/18, a CP172 proposal came out. In the proposal, the founder announced they would give up on the token—no money was invested into the token. After the window to convert equity closes, they also need to remove the liquidity from the open market. They won’t repurchase tokens either. After the equity conversion, in the short term the equity has no liquidity, so it can’t be sold, there will be no dividends, and you will be diluted later! After 8/18, it’s a nightmare for retail investors. Everyone who holds this coin knows: after 8/18, all tokens surged—except CFG, which kept breaking new lows every day. Other altcoins at least rose by 50% or more. This coin even dropped by 40% from the low point. I cut my losses immediately on 9/2 as soon as it was confirmed that the proposal had passed. Overall, I lost about 50% on the contract plus spot. If I had invested in other altcoins, I would’ve made double—maybe more. From now on, I swear I’ll never touch the RWA track again, and I’ll never buy this coin again. The RWA track is all hollow tokens. When this coin pumps, it’s big players dumping. Some big players don’t want to convert equity—so they dump only by pumping. This is also the last chance for retail investors to escape!

亿多

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