2026-01-12 01:24:55

Recently, many people in the community have been discussing certain hype-chasing token projects. After reviewing on-chain data, I want to give everyone a warning—how risky are these types of projects? We need to have a serious talk.

**How to identify "air coins" that ride on a name?**

First, look at the project name. Tokens that awkwardly piece together exchange names or well-known personalities are basically trying to create a "brand illusion." Truly official-backed ecosystem projects never rely on such cheap naming tricks to attract attention. These three-no tokens—no technical accumulation, no practical application, no official authorization—are essentially gambling on a wave of hype. Once the hype fades, they become a pile of trash.

**What does the token distribution reveal?**

Check on-chain data; the holding structure of these tokens is often very strange. Major holdings are concentrated in a few related addresses, while retail investors hold only a tiny proportion. Seeing the price rise now? Most likely, it’s the project team’s own hands trading back and forth. Once retail investors have bought enough to meet their target, liquidity withdrawal or a direct dump becomes an option on the menu. At that point, you won’t be able to sell your tokens—this is what’s called a "rug pull," where liquidity vanishes instantly.

**Where is the value foundation?**

Any token that can survive must have either real technological innovation behind it or enough community consensus to support it. But these kinds of coins rely purely on hype from certain accounts shouting in the community. Once the novelty wears off and capital inflow dries up, emotional collapse can happen in the blink of an eye. From a market cycle perspective, the fate of purely conceptual coins is rarely anything but zero.

Opportunities in the crypto space are never lacking; what’s missing is that calm mindset. Don’t stake your principal on a gamble with very low odds just for a hundredfold dream. Remember one thing: what you value is someone else’s promise, but someone else values your principal.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

20 Likes

Reward
20
8
Repost
Share

Comment

0/400

YieldWhisperer

· 13m ago

Once again, it's the same trick—I'm tired of seeing the left hand deceive the right hand. The problem is retail investors are still lining up to buy in... --- The name looks like a patchwork project; such project teams don't even deserve to be called projects. --- Honestly, on-chain data is like a mirror of evil. For those coins, just looking at the chip distribution reveals it's a dead end. --- Rug pulls have become commonplace, and some still dare to go all-in on such things—it's truly a gambler's mentality. --- Pure concept coins are just passing the hat around; sooner or later, someone has to take the last baton, often retail investors. --- Once the hype is gone, it's just a mess—this really struck a chord with me. --- A hundredfold dream is indeed tempting, but probability theory tells me I can't afford to gamble on it. --- Someone else's promise vs. your principal—this comparison is too painful. I've seen too many people get scammed.

View OriginalReply0

CascadingDipBuyer

· 01-12 07:29

Really, just by the name, it can instantly kill half of the trash coins... I took a deep breath during the part where the left hand is against the right hand.

View OriginalReply0

CryptoNomics

· 01-12 01:55

actually if you run a basic correlation matrix on token holder distribution vs rug pull incidents, the statistical significance is... well, let's just say not surprising at all.

Reply0

WalletWhisperer

· 01-12 01:44

Is it this set again? I'm already tired of it. It's always the same tricks, retail investors happily taking the bait. --- Basically, it's just a matter of left hand giving to the right hand. Once you check the concentration of chips, the truth is revealed. There's nothing to hide. --- Rug pull has played out hundreds of times, yet some still dare to go all in on concept coins. I really admire that. --- A name can reveal everything. Projects with fake or fabricated names should have been blacklisted long ago. It's a waste of time to look at them. --- The moment liquidity evaporates is the real deal. The coin price can drop from a few dollars to zero in seconds. I've seen it more than once. --- Once the hype is over, it's game over. That's a law. Once you see through it, there's no more temptation. --- I've looked at on-chain data. In 100% of cases, large addresses hold 70-80%. Basically, it's just playing oneself. --- The hundredfold dream is very exciting, but losing can be just as fierce.

View OriginalReply0

GasFeeCrybaby

· 01-12 01:39

It's the same old trick, getting chopped up like this every time... Really need to wise up. --- Playing the same old game of left hand versus right hand has been played out, who still believes it? --- The rug pull moment is the real despair, my friend has deep experience with it. --- The name clearly shows it's a pump and dump, so obvious and stiff. --- A coin maintained solely by hype? Then just wait for it to go to zero, right? Not learning any lessons. --- That feeling when liquidity suddenly disappears... Don’t ask me how I know. --- Making a hundredfold dream is fun, but bankruptcy comes quickly—it's that simple. --- A glance at the chip distribution for eternity, retail investors hold so little, yet they dare to buy? --- No technology, no application, no authorization—this is gambling, not investing. --- Once the hype dies down, everything disappears. Why didn't you realize this earlier?

View OriginalReply0

BTCWaveRider

· 01-12 01:34

It's the same story again, every time someone loses everything and only then realizes. Should have checked the on-chain data earlier. --- Honestly, I've seen too many tricks where they switch hands left and right. --- Really, things that are obvious once you see the name, but you only understand after taking the plunge. --- Rug pull is a nightmare; if the coin can't be sold, people just run away. --- Two words: stay calm. But no one listens. --- A hundredfold dreams can be deadly; wake up, everyone. --- On-chain data doesn't lie; it depends on whether you're willing to look carefully. --- Retail investors are always the last to know the truth.

View OriginalReply0

MechanicalMartel

· 01-12 01:30

It's the same story again, someone always falls for it every time. I'm just wondering why some people just go all-in based on the name alone. On-chain data easily reveals the truth. Coins with extremely concentrated chips are nine out of ten likely to blow up. Basically, it's a gamble on probabilities. If you lose, your principal is gone. This kind of trading isn't worth it.

View OriginalReply0

SchrödingersNode

· 01-12 01:29

Here's another article advising people not to speculate on air coins. The points are correct, but few people listen. --- Honestly, concentrated chips are a dead signal. A bunch of retail investors are just waiting for a rug pull. --- I agree with on-chain data analysis, but how many can really stick to it? Most just watch and then go all-in again. --- The analogy of left hand versus right hand is perfect. How many are still waiting for that nonexistent right hand? --- The term "return to zero" is too absolute. There are still one or two that survive, but the probability is really low. --- Calm? The words "calm" in the crypto world are the most used adjectives. Passionate enthusiasm is the norm, right? --- I can't see any project with real technical foundation; they're all just storytelling. --- One sentence sums it up: don't be greedy, it's that simple.

View OriginalReply0