There is a type of virtual currency that has risen from obscurity to a market cap of $500 million, with an astonishing increase of 6,000 times. Just looking at the numbers is enough to get people's blood pumping. But the story behind it is far from that simple.

These coins often lack a white paper, cannot find a legitimate technical team, and early holdings are highly concentrated—more than half are held by just a few large wallets. This is a typical pump-and-dump manipulation tactic. The price surge? It’s just market sentiment being ignited and capital flooding in. Once the hype cools down, funds start to withdraw, or if any unexpected event occurs, these coins often face a crash—sometimes a complete wipeout to zero.

Historical data is there—most cryptocurrencies ultimately end up worthless, with only a very few surviving. Projects lacking intrinsic value and driven solely by hype are even riskier. If you are already involved, now is the time to calm down and carefully assess how much risk you are truly bearing.