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CoinGape

CoinGape

Crypto trader makes $60-$65K per week scamming people with fake tokens

CoinGape
Summary
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48% Informative

One crypto trader is making $ 60-$65 K per week scamming people with fake tokens.

NFT Nate, a YouTuber , interacted with Phantom , an anonymous crypto trader, to learn about his money-making skills with rugging.

The approach Phantom works with is called “mass sniper” where a new token is created especially to rugg people.

More than 98.5% of tokens, especially meme -based ones, get dumped even before reaching any crypto exchanges.