Scams

Stay updated on scams in the crypto space including phishing, pump and dump schemes, rug pulls, fake ICOs, airdrop traps, and memecoin fraud. From wallets and DeFi to NFTs and DEXs, learn about the risks and tactics used by scammers.

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Hristina Vasileva

LMTS Token Drops 58% as Limitless Team Wallet Sells $1.4M After Launch

Limitless's native token LMTS fell over 58% on October 22, hours after its token generation event. On-chain data show a team-controlled wallet sold $1.4M worth of tokens, triggering a price collapse from $0.35 to $0.20. The project's founder attributed the activity to an on-chain market-maker strategy using concentrated liquidity on Aerodrome.