While top meme coins like $PEPE and $SHIB are struggling to make a move, both coins have increased by 100% in the last few months.
There is a cycle in crypto: when new meme coins come out, the old ones hardly recover. I hope it will not be repeated with PEPE and SHIB, since traders have large investments in both.
- I did always small transaction like selling not more than 100 USDT at a time. - I always did double check on every P2P profile before doin P2P and traded with only those account who were clean without any negative feedback - Tried every possible thing that can save me from scam
And the result is this.
I don't think this happened just because of cyber crime complaints because everyone is not scammer on Binance.
Don't be DWF Labs, do not invest in so called utility altcoins. Meme coins are far better than these Alts. I myself sold $HBAR in $300 loss after holding 4 months.
Binance News
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DWF Labs Faces Losses in Recent Altcoin Investments
According to Odaily, DWF Labs has experienced a challenging month following the disclosure of its secondary market operation wallet address. Over the past month, the firm has withdrawn seven types of altcoins from centralized exchanges, investing approximately $6.43 million. Currently, six projects are showing losses, while one is profitable, resulting in an overall deficit of about $850,000, equating to a 13% loss.The specific purchases include 51.15 million JST tokens at a cost of approximately $1.89 million, averaging $0.037 per token; 5 million MANTA tokens costing around $1.54 million, with an average price of $0.309 per token; 4.73 million YGG tokens purchased for about $1.02 million, averaging $0.216 per token; 137 million IOST tokens at a cost of $480,000, with an average price of $0.0035 per token; 21.28 million IOTX tokens costing approximately $440,000, averaging $0.021 per token; 3 million SIREN tokens purchased for around $540,000, with an average price of $0.18 per token; and 3.5 million PHA tokens costing about $480,000, averaging $0.139 per token.