$IRYS On November 27, 2022, Pan Gongsheng, the Governor of the People's Bank of China, reiterated at the Financial Street Forum Annual Meeting that the regulatory policies for Virtual Money since 2017 remain effective. The next step will be to continue to crack down on the operations and speculation of Virtual Money within the country in conjunction with law enforcement agencies. The policy logic has shifted from "vague and unprotected" to "direct violations, severe violations being illegal," clearly stating that stablecoin, as a branch of Virtual Money, is illegal at all stages including

$IRYS project party attempts to leverage the popularity of mathematical concepts to "transfer" it to the Token, leading investors to mistakenly believe that "the founder's previous project was successful, so the current Token will also be successful." However, the success of Open Source projects (in terms of technology and community) and the financial attributes of Tokens (investment returns, value stability) are completely different logics, which is a typical case of "conceptual substitution" hype.

$XION The project party attempts to leverage the popularity of mathematical concepts to "transfer" the token, leading investors to mistakenly believe that "the founder's previous project was successful, so the current token will also succeed." However, the success of open source projects (in terms of technology and community) and the financial attributes of tokens (investment returns, value stability) are completely different logics, belonging to a typical case of "concept substitution" speculation.

$XION The project party attempts to leverage the popularity of mathematical concepts to "transfer" it to the Token, misleading investors into believing that "the founder's previous project was successful, so the current Token will also succeed." However, the success of Open Source projects (in terms of technology and community) and the financial attributes of Tokens (investment returns, value stability) are completely different logics, which is a typical case of "conceptual substitution" speculation.

$PIPPIN On November 26, 2022, Pan Gongsheng, the Governor of the People's Bank of China, reiterated at the Financial Street Forum Annual Meeting that the virtual money regulatory policies since 2017 remain effective and that the next step will be to continue cracking down on domestic virtual money operations and speculation in conjunction with law enforcement agencies. The policy logic has shifted from "vague and unprotected" to "direct violations, serious violations being illegal," clearly stating that stablecoins, as a branch of virtual money, are illegal in all aspects of issuance, tra

$PIPPIN won't pump unless I curse, need to curse 🥳

$PIPPIN The technical indicator is a "scalpel" for identifying scamcoin manipulation, but it needs to be combined with multi-dimensional signals such as divergence in trading volume and price, abnormal order book, and fund concentration. When a coin exhibits characteristics such as "trading volume surges without favourable information, order book depth gaps, frequent long wick candle price movements, and high control of the market trend by whales," no matter how glamorous its promotion is, it is highly likely a manipulation trap. Remember: truly valuable projects will see price fluctuations g

The top 10 addresses hold over 90% of the Tokens, and there are frequent transfers between these addresses (for example, the top 3 addresses held 95% of the amount before November 25, 2025, making daily transfers to create a false appearance of trading).

$PIPPIN The project party uses initial funds to engage in wash trading on the exchange, creating a false impression of "surging trading volume" to attract retail investors to chase the price (the daily trading volume shows 100 million, but 90% is from Bots malicious swiping)

The essence of the $PIPPIN scamcoin scheme is a Ponzi Scheme wrapped in "Blockchain innovation." They create no social value, merely paying "returns" to early investors by continuously absorbing the principal of new investors. Remember: when a project tells you "you don’t need to understand the technology, you can earn by just lying down," when customer service urges you "if you don’t invest today, the price will rise tomorrow," when everyone in the group is showing profits but no one discusses risks—you are facing a carefully designed scamcoin hunt. The best way to protect your assets is to

$PIPPIN In 2025, the "NPCWG scamcoin" developed 120,000 members through this model, and during the collapse, the price fell from 0.000145 to 0.000009, with 93% of investors losing all their investments.

$PIPPIN exchange market making: spend 3 million yuan to purchase the "listing fee" of a small exchange, create false volume (data from a certain exchange in 2025 shows that 90% of the daily trading volume of scamcoins is generated by Bots)

$PIPPIN scamcoin is by no means an "investment", but rather a carefully designed eyewash. They lack technological innovation, have no practical applications, and are devoid of credit endorsement; the only "value" is to play people for suckers by harvesting the principal of latecomers. In the face of the endless stream of Virtual Money, we must sharpen our eyes: anything that only talks about concepts without practical implementation, only paints a big picture without showing data, and only relies on pumping to maintain prices is essentially just a "scamcoin" that changes the soup but not the

$PIPPIN targets groups lacking financial knowledge, using professional terms such as "Blockchain" and "Decentralization" to package the scam and disguise it as a "trend of the times." It seizes the fantasy of investors to "get rich overnight" with a pyramid scheme model of "static returns + dynamic rewards," forming a "pass the parcel" Ponzi Scheme.

After the price crash of $PIPPIN , the project party deleted the community, canceled the website, and disappeared with the funds. In the 2025 "Flash Thunder Coin" incident, 40,000 investors were defrauded of over 1.2 billion yuan, and the founder fled overseas after using the illicit funds to purchase a private jet.

$PIPPIN through "limited-time subscription", "new rebate", "100x coin expectation", and other rhetoric, induces investors to catch a falling knife during price speculation. In the 2024 "animal coin" craze, over 95% of coins fell 90% within a week of launching.

$PIPPIN On November 25, 2025, Pan Gongsheng, the governor of the People's Bank of China, reiterated at the Financial Street Forum Annual Conference that the regulatory policies for Virtual Money since 2017 remain effective. The next step will be to continue to combat the operation and speculation of Virtual Money within the country in conjunction with law enforcement agencies. The policy logic has shifted from "ambiguous and unprotective" to "direct violations, severe violations are illegal," clearly stating that stablecoin, as a branch of Virtual Money, is illegal in terms of issuance, t