In the crypto world investment sector, scams are rampant. As Charles Ponzi famously said, some well-designed eyewashes can even fool experts in scam detection. Recently, I personally experienced a dangerous investment journey – after initially making a profit of one hundred dollars, I reinvested 90 dollars of it, but soon felt something was off. I decisively sold at a price of 0.96, and although I preserved most of my funds, there were still losses. In hindsight, the Token indeed fell to 0.62, confirming my judgment.

The so-called "black hole address" promoted by such projects is actually just a facade, fundamentally similar to a Ponzi scheme: early participants profit, while later investors become sacrificial victims filling the gaps. A closer inspection reveals that the Token existed in thousands of addresses before the public became aware, with the founder dispersing the Token across multiple wallets under their control, and then selling off in large amounts for profit once retail investors entered.

Those who defend the project claim that the founder did not profit, but this is obviously illogical—if the purpose of creating the Token is not for profit, could it really be selfless dedication? Unsurprisingly, the Token has been marked with a fraud risk warning, and its value is far from that of a genuine quality Token. As investors, we must remain vigilant at all times and carefully analyze the authenticity of every investment opportunity.