The BNB-based platform GachaDrop, styled as a Pokémon card trading platform, is suspected of executing an exit scam shortly after its token launch. The project, which positioned itself as a competitor to Solana's Cards, released its DROP token with 1,700 participants. However, within an hour, GachaDrop announced issues with the token contract and introduced a new token, leading to the original DROP token's market cap crashing from $3 million to zero. The newly issued DROP token experienced a brief surge before also collapsing to zero. On-chain data suggests that only a few early traders, including meme bloggers, managed to profit from the initial trading activity. The incident has raised concerns within the crypto community about the legitimacy of such platforms.
BNB Chain's GachaDrop Suspected of Exit Scam After Token Collapse
This content is for informational purposes only and does not constitute investment advice.
SuperEx Popular Science Articles Column
This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.
How do beginners trade options?How does option trading work?
This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.
What are the risks of investing in cryptocurrency?
This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.
Bitcoin historical price data and trends
This special feature gathers multiple articles on Bitcoin’s historical price data, analyzing past trends, market cycles, and key events that shaped its value. It also explores factors influencing price movements, providing readers with insights into Bitcoin’s long-term performance and market patterns.
Detailed Illustrated Guide to Contract Trading
This collection, "Detailed Illustrated Guide to Contract Trading," explains the fundamentals of contract trading, including futures and margin trading. It uses clear illustrations to simplify key concepts, risk management strategies, and order types, making it accessible for both beginners and experienced traders.