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Take a look at this chart—wouldn't you say it's a classic "community-created" shitcoin?
A decentralized AI infrastructure concept, led by @0G_labs from Tsinghua's Yao Class, has dropped to the ground like this... Listed at 7u, now down 96.8%, yet the FDV is still $230 million.
Early node buyers and institutions have likely cashed out. Every secondary market participant, without exception, is trapped—just a matter of how much they lost. Anyone who $0G made money here, please speak up 🤪😜.
Back then, they brought in Yao Qizhi to endorse CFX (Conflux), pumped and dumped it, then abandoned it and brought in a foreign face as CEO to launch 0g Labs and keep the cycle going—enough to get scammed twice in one lifetime, right?
When this project eventually fades into obscurity, while the market cap is still low, they'll pump it again, have KOLs clean up the narrative, and stage a "rebirth"—not impossible.
How to avoid getting rekt: When participating in a project, play dumb and keep building; if someone calls you out, deny it tooth and nail. Remember: you're just here to build, with no financial interest—you simply believe in the project! On launch day, sell your tokens, leave the Discord, and move on to the next one! Haha.