HEISENBERG Meme Token Shoots Up 30,000% But Experts Say It's a Scam – Here's The Next Crypto to Explode
HEISENBERG has gained by more than 60% in the past 24 hours, with the meme token also rising by as much as 30,000% since directly listing on Uniswap yesterday.
However, it's likely that such gains have been the result of an artificial pump executed by the token's issuers, with DEXTools labeling HEISENBERG as a scam.
This means that retail investors would be advised to avoid the altcoin unless they want to lose money, no matter how big its gains appear to be.
Instead, it may be safer to invest in meme tokens that have shown evidence of their viability and profitability, with the Wall Street Memes (WSM) presale now having raised more than $14.5 million, which provides a clear sign of actual market interest.
As the chart below shows, DEXTools has labeled HEISENBERG as a scam, with an analysis of its smart contract revealing that it has a blacklist function (meaning genuine holders will be prevented from selling tokens).
Supporting this classification, the chart also shows an unnatural spike in trading volume just as soon as HEISENBERG listed on Uniswap.
This indicates that its insiders pumped the token early on so as to inflate its price and potentially attract real investors, who would presumably be left holding the coin while its creators exited the scene.
Also supporting the 'scam' classification is the fact that HEISENBERG has no online presence or following, again indicating that any gains it has experienced have come, not from social media-caused FOMO, but from its issuers.
Nonetheless, while investors are strongly advised to give HEISENBERG a miss, there are at least some new meme tokens that tick all of the important boxes.
One of the most notable of these is Wall Street Memes (WSM), an ERC-20 cryptocurrency that has already
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