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Topic: Omicron token gained 900% after WHO name-new variant (Read 197 times)

hero member
Activity: 1834
Merit: 879
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Okay its either of the two or one of any...its either we have stopped doing our due diligence in these new altcoins or It seems people are becoming creative with the naming of these coins Tongue But what I don't understand is why invest in a coin that is not linked to the corona variant in the first place? Tbh i wouldnt try to invest as this is no way linked to some kind fundraising of funds to help in the research of the virus or anything in those lines and afaik such research requires government support not individuals !
full member
Activity: 546
Merit: 148
There is nothing good that absolutely comes from this kind of headlines, the pump was intentional because by mere looking at the current volume, you will realize that the volume is so low. If it's a solid projects, this kind of pump is enough to last long for long time even traders has taken their profits.
I have come to conclusions with pump projects, avoid them and stay on grid with real projects.
member
Activity: 868
Merit: 10
yes, it is possible that a new project like the Omicorn token has gained a lot of support thereby making the price increase drastically. what's more, the project has a pretty good concept, such as a P2E-based project, gameplay provides many benefits just like playing games and you can earn money from it. isn't this fun? Yes, of course.
member
Activity: 1316
Merit: 10
Any coin that is related to what is trending right now will pump like what happened to this Omicron token that they are saying.
When COVID started, there is a coin called CoronaCoin. When Squid Game has been the trending, there is a new coin called Squid Game Token that obviously ended up as a rug pull and we all saw it on camera Cheesy.

Now another token that is obviously a rug pull or a pump or dump coin has emerged. If I were you, I will just let this token go up and and not enter into it because you will regret entering at the wrong time. It went up 900% already. In the future when another variant and name will emerge then a coin that is related to that variant will pump again.
I agree with you, that it's been a long time since what trends are happening in the real world, there will be a scammer creating a crypto project according to the current trend. I think we should stay away from all this nonsense. Well, it really all depends on each other's corrections to avoid being trapped by scammers..?
legendary
Activity: 2576
Merit: 1043
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Any coin that is related to what is trending right now will pump like what happened to this Omicron token that they are saying.
When COVID started, there is a coin called CoronaCoin. When Squid Game has been the trending, there is a new coin called Squid Game Token that obviously ended up as a rug pull and we all saw it on camera Cheesy.

Now another token that is obviously a rug pull or a pump or dump coin has emerged. If I were you, I will just let this token go up and and not enter into it because you will regret entering at the wrong time. It went up 900% already. In the future when another variant and name will emerge then a coin that is related to that variant will pump again.
member
Activity: 434
Merit: 10
Remember what happened to squid tokens? I think it's the same thing. Deliberately pumped by a party for personal gain because the term omicron is emerging that began to go global as a plague. Be careful and don't get into the same hole again. This outbreak really has nothing to do with the omicron crypto coin.
member
Activity: 420
Merit: 13
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The new Covid is named Omicron and a token named Omicron surge becy if this? LMAO honestly until the end of time there will always be new people falling victims to crappy projects as far as crypto still exists, this was why meme coins trended so well since doge coin became a success, I pity new crypto investors, they just ram into anything they think it's cool lol
hero member
Activity: 2982
Merit: 610
https://www.coingecko.com/en/coins/omicron
Total Supply:  2,430
The token is traded on Sushiswap (Arbitrum One).
24h Volume: $ 50,000

If the developers have their own pool and the number of tokens is limited, then the price of the token can be very easily manipulated.
Do not fall for the tricks of manipulators, at least study the statistics of the coin.
Ain't buying now and don't want to fall with this obvious trick. The project never looks that has the potential either.
Well, I don't wonder sooner that these investors will claim for such a big scam in front. Having this total supply, it was very easy to manipulate the price and let these new investors get into the trap.
Anyway, the project is just a joke and I think nobody got the interest buying this.
legendary
Activity: 1932
Merit: 4602
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https://www.coingecko.com/en/coins/omicron
Total Supply:  2,430
The token is traded on Sushiswap (Arbitrum One).
24h Volume: $ 50,000

If the developers have their own pool and the number of tokens is limited, then the price of the token can be very easily manipulated.
Do not fall for the tricks of manipulators, at least study the statistics of the coin.
legendary
Activity: 2660
Merit: 1009
Another rug pull scheme. Remember the squid token before that was rug pulled by devs? they created that coin since it's a hype and now look at this Omicron token. There are many people that get scammed by this kind of coins it just shows that many people are still stupid not to do their own research about the coins they bought, no one wants to invest or hold a coin that doesn't have real value or use in the industry right?
member
Activity: 518
Merit: 13
I'm sad for not buying when its price was around $60. I would have the five times the money I invested now.  Grin  I didn't even know that such token existing in the cryptocurrency market. But it is my mistake to think that there wouldn't be this kind of "projects". We see nearly the projects of everything nowadays in the market. It is better to catch these opportunities before their price skyrockets.
full member
Activity: 1624
Merit: 163
An obscure token Omicron made a massive gain on Monday after the World Health Organization named the new covid 19 variant, the token did a 900% gain but apart from the name being the same the cryptocurrency does not have any connection with the virus.
https://cointelegraph.com/news/obscure-omicron-token-spikes-900-after-new-variant-emerges

I can't believe people are still investing in this even though this project doesn't really have anything significant to offer. I can't believe people aren't doing their research especially that the crypto world is one of the riskiest investment in the internet. Omicron isn't even related to the new covid variant yet people are investing like crazy.
Ucy
sr. member
Activity: 2674
Merit: 403
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I think it simply use the word or people summoning it as energy to power itself. That's quite similar to how people use trending keywords to make money on the internet. Quite easy to be very wealthy on the internet, especially if you can predict next keyword or get people to use a keyword(with potential to trend) that's connected to your business, but I'm not sure how moral that's.
If the token name really existed before it was given to a virus, then I think it's just lucky and may not have done wrong in that regard
hero member
Activity: 1022
Merit: 667
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I may not understand, but the token is what it is exactly. Did the developers of the virus create this? How can a project attract money that destroys the entire economy. I'm afraid it's very difficult for me to understand the current trends in cash flows. Although earlier there were also presidential coins, I don’t remember Ebola, or Halera tokens.
If you read through the whole post you will see where I mentioned that apart from the name (omicron) the coin have nothing in connection with the virus.
So the coin gained popularity from the name similarities with the virus.
full member
Activity: 700
Merit: 100
I may not understand, but the token is what it is exactly. Did the developers of the virus create this? How can a project attract money that destroys the entire economy. I'm afraid it's very difficult for me to understand the current trends in cash flows. Although earlier there were also presidential coins, I don’t remember Ebola, or Halera tokens.
hero member
Activity: 2870
Merit: 574
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I am not surprised by that as people can easily relate to the new virus variant with the project but they do not know if it has a connection to that project.
It is the game that we always have seen happen in the crypto market and I guess many others will do the same thing to get attention from people to join in their project.
But I am not sure if that project can still survive in the crypto market because if the investor just gets the truth because of the pump and dump scheme, they will leave the project.
You can join with the pump and dump scheme, but you should know when you should get out and already make a profit.
full member
Activity: 1470
Merit: 103
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Doesnt make any sense to me for people to be using covid like that but hey maybe if they will use it for good but we all know that most of these devs dont care They just pumped and later dump the coins since technically what they set out to achieve that can be unrealistic but we will see how things will turn out
full member
Activity: 742
Merit: 101
this doesn't make sense at all. People should stop buying this kind of coin. Those developers are also taking advantage of the weakness of the people. A coin like this is a pump and dump or a rug pull. But we cannot blame people entering on this kind of project, especially if you want to make a quick buck.
jr. member
Activity: 238
Merit: 2
In my opinion it will difinitely pump the price because the developer of the coin will taking the chance to get other people to invest in Omnicrom token named with the new Corona virus Variant because its in a trend rightnow and lots of people talking about it. Its kind of scheme of the whale of the omnicrom.
legendary
Activity: 2254
Merit: 1377
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Wtf for real? People really sometime take chances with such current events. We all know how dangerous virus are and using the new name of the variant omicron already a create a scary fingerprints due to corona related type of virus.

I think many have fallen already with the pump and dump a scheme its not actually bad if you are earning from it but once you are just putting away huge money and doesn't earn from it. Maybe you need to put everything on check first.
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