🚨 InfoFi project BILL, which raised $30 million, has been named by an on-chain investigator as a suspected scam!
📉 Billion (BILL) is down about 97% from its all-time high
📤 Over the past two months, 17 team-linked wallets deposited about 988 million BILL tokens into exchanges
📤 This week alone, the team’s multisig wallet sent another roughly 360 million tokens to exchanges
📊 That brings the total to about 1.35 billion tokens, or 13.6% of the total supply, valued at around $15 million
💰 The project previously raised about $30 million from investors including Coinbase Ventures and Polychain
(Source: BlockBeats / Specter)
👉 My take: Backing from major institutions ≠ safety. The team’s wallets continuously dumping tokens onto exchanges is the clearest signal. With small-cap tokens, look at token allocation, unlock schedules, and on-chain flows before buying into the narrative.
Market now: BTC $82,080, FNG 53 (neutral). When the market is quiet, narrative-driven coins are especially ripe for a shakeout.
Have you ever been burned by “institutional investment” hype? Share your story in the comments 👇
$BTC $ETH #InfoFi #链上数据 #Risk Warning
This is solely my personal opinion and does not constitute investment advice
📉 Billion (BILL) is down about 97% from its all-time high
📤 Over the past two months, 17 team-linked wallets deposited about 988 million BILL tokens into exchanges
📤 This week alone, the team’s multisig wallet sent another roughly 360 million tokens to exchanges
📊 That brings the total to about 1.35 billion tokens, or 13.6% of the total supply, valued at around $15 million
💰 The project previously raised about $30 million from investors including Coinbase Ventures and Polychain
(Source: BlockBeats / Specter)
👉 My take: Backing from major institutions ≠ safety. The team’s wallets continuously dumping tokens onto exchanges is the clearest signal. With small-cap tokens, look at token allocation, unlock schedules, and on-chain flows before buying into the narrative.
Market now: BTC $82,080, FNG 53 (neutral). When the market is quiet, narrative-driven coins are especially ripe for a shakeout.
Have you ever been burned by “institutional investment” hype? Share your story in the comments 👇
$BTC $ETH #InfoFi #链上数据 #Risk Warning
This is solely my personal opinion and does not constitute investment advice