VT issues new coins again after 5 months, investors, be careful!

The whole story of VT cutting leeks

In March 2024, VT launched the ENTS project, claiming that it would restore the glory of Binance Smart Chain (BSC). Riding the wave of enthusiasm for small projects on the Solana blockchain, VT successfully raised 30,000 BNB on March 19, thanks to the active promotion of various key opinion leaders (KOLs).

Despite VT's record of failed projects, he remained active on social media, promoting $ENTS and interacting with the community. The project reached $1 billion in trading volume in one day, and early investors made modest gains. This early success attracted many cautious investors to buy $ENTS in the hope of getting a bigger return.

After a week of hype, VT hosted a Twitter Space with more than 1,000 listeners, where he boldly promised to use 10,000 BNB to increase the price of $ENTS. This announcement led to a surge in purchases, and investors shared screenshots of their transactions, dreaming of a substantial profit.

However, on the evening of March 25, the price of $ENTS suddenly plummeted. VT blamed the plunge on a scam by a fake OKX intermediary and claimed that the project was attacked by malicious traders. Despite these excuses, many people believe that VT was behind the sell-off, although he denied any wrongdoing and asked the exchange to freeze the relevant funds.

VT's Black History

VT initially attracted attention for his involvement in the Dogecoin derivative Baby Doge project. He used his community influence to promote Baby Doge and encourage widespread investment. After the initial price increase, VT and his accomplices sold a large number of their holdings, causing the price to fall sharply and those who bought in later suffered heavy losses.

VT subsequently used a similar strategy to launch another project, SuperFloki. He used a small amount of his own funds to artificially inflate the price and heavily promoted the token through social media and live broadcasts. As with Baby Doge, he and his team sold their holdings at the peak, causing the price to plummet and many investors to lose money. Despite the growing criticism, VT always managed to evade direct responsibility with technical details and explanations.

How is VT going to cut the new coin?

Now, five months after the ENTS fiasco, VT is back with a new token, following the same script. He will probably start with a catchy slogan, raise funds by selling the new token, and work with various KOLs to promote it. As usual, he will inject thousands of BNB into the liquidity pool to assure investors that their funds are safe.

Once the private placement is completed, they will open up space and reap the profits while claiming that technical problems or external factors are the culprit and have nothing to do with themselves.

The comments section of VT is also full of curses

As the situation developed, VT's personal and family information was also exposed.

Investors should be extremely cautious when dealing with projects like those promoted by VT. History shows that these schemes are designed to enrich creators at the expense of ordinary investors. Rather than risking money on these ventures, it would be wise to consider more reputable opportunities.