AIOT is truly a textbook example of a rug pull. The price was pumped all the way from over $300 to $2,800, and after the whales cashed out millions at the top, they disappeared without a trace. Looking back now, that pump was just bait—waiting for retail investors to FOMO in and provide liquidity, then delivering a heavy blow to crash the price.

This kind of playbook is all too common among shitcoins: early-stage price control to create get-rich-quick myths, mid-stage volume spikes to attract bag holders, and a final, sudden dump to exit without warning. The AIOT chart is a joke now—just a sea of trapped retail investors.

There are still opportunities in altcoin season, but you have to pick projects with real fundamentals, not pure ponzi schemes. If a coin's liquidity is entirely controlled by market makers and there's nothing behind it, avoid it at all costs.