The Ongoing Token Presale Failures And Scams On CoinList

I published an article about “Red Flags On CoinList: Is The Tribal Token Presale Scam Just The Tip Of The Iceberg?” a few weeks ago.

Since the Tribal Token presale scam, numerous token presales on CoinList have exhibited similar alarming issues, leading many users to label these events as scams.

Immediate Price Dumping

A recurring problem with token presales on CoinList has been significant price dumping immediately after the newly issued tokens are listed. This happened frequently and it is not a one-time event.

Many investors have noticed that the value of tokens often drops shortly after they become available for trading, resulting in significant losses. This pattern has raised suspicions of market manipulation and the integrity of the whole presale process on CoinList.

Where Are My Tokens?

Another major issue has been the failure to distribute tokens on the scheduled dates. In several cases, investors have reported that tokens…