WARNING: Potential SCAM Involving GATE.IO and Affiliated BrokersI have tracked this coin, and many similar ones, closely since its launch, applying reliable wave analysis techniques. After a textbook completion of Wave C — accompanied by millions (in $) in daily trading volume — the price was poised for a corrective move upward.
Instead, GATE.IO suddenly announced a delisting, and the chart was abruptly pulled, preventing any further analysis or exits. This is a clear red flag.
This pattern appears to be a deliberate tactic: list the coin to appear legitimate, attract investor interest and capital, and then delist once enough funds are locked in — triggering a collapse. Other brokers, possibly working in coordination, follow by delisting the coin as well, completing the trap.
I've observed similar suspicious activity with other coins such as PRMX, NOOB, BPT, CRE, PICASU, ALITA, and more.
This particular coin is still listed on MEXC , but I remain skeptical about whether MEXC is also part of this coordinated scheme. Time will tell.
Be extremely cautious trading such coins on GATE.IO and/or its affiliated platforms (you can easily find them by looking at similar coins). What looks like a promising listing could be part of a well-executed scam.
