WALTER2.0 Coin Rockets Up 30,000% But Crypto Experts Are Accumulating These Other Coins Instead – Here’s Why
Newly launched cryptocurrency project, WALTER2.0, has quickly generated substantial profits for its early backers.
In just 24 hours, the digital asset has experienced an astonishing surge of 30,000%, creating numerous millionaires.
However, this remarkable ascent has been marred by concerns raised by the DEXTools launchpad, which has labeled WALTER2.0 as a potential honeypot scam.
Additionally, the token has performed poorly in community votes, further bolstering suspicions that it may serve as a deceptive mechanism for malicious actors to defraud investors of their funds.
Given the scarcity of reliable information, cryptocurrency experts strongly advise investors to exercise caution and avoid involvement with this project.
Instead, they recommend exploring alternative community-driven tokens such as $WSM, $THUG, and $HANKEY, which offer more transparent and trustworthy investment opportunities.
Huge Gains, Potential Financial Pitfall
In the last couple of months, several projects have reported phenomenal gains within a short period.
Several of these projects have been joke cryptocurrencies popularly called meme coins.
WALTER2.0 seems to fall into this group, although there is little to no information on what the token entails.
So far, the project has locked in over 30,000% and is currently trading at $0.000000022 in its last 24 hours.
The project has also recorded over $105,000 in trading volume so far. Its seven-day performance stands at a rough estimate of a 40,000% increase in the past week.
While these would generally elicit excitement amongst investors, there seems to be a growing belief that this is one of several honeypot scams that have proliferated the crypto space.
For one, the DEXTools aggregator website emblazons a potential honeypot scam on the token’s trading chart.
For those new to the concept, a honeypot scam is a crypto project that seeks to attract investors to interact with a badly configured crypto wallet or project.
Once enough liquidity is channeled into the project, the token maker can easily drain the funds in the smart contract leaving investors with nothing in return.
Given the often outsized gains or increases, such projects are often very appealing – hence the honeypot allusion.
WALTER2.0 is also blacklisted and has performed poorly on the community votes segment.
According to its DEXTools page, WALTER2.0 has been voted down by 95.7% of investors, with only 4.3% giving it a thumbs-up.
Meanwhile, with the plethora of crypto projects out there, it is crucial for investors to always validate their authenticity.
One of the easiest ways is to learn about the project team to know who they are and what they have previously built.
In this context, we provide more sustainable and robust projects that investors can tap into and sit out the token pumps of the WALTER2.0 project.
Wall Street Memes ($WSM): Ultimate Expression of Internet’s Triumph Over Capitalism
One crucial aspect of a successful project is having a clear vision and purpose. Wall Street Memes exemplifies this by embodying a shift in the financial landscape.
Launched over a month ago, the innovative project tokenizes the movement that emerged from the GameStop events of 2021.
This blockchain protocol positions itself as a symbol of the internet’s triumph over unfettered capitalism.
With the past decade’s widespread internet and technological advancements, average investors have become more knowledgeable, dismantling the financial barriers that once excluded them.