Is ATMG a Scam Project?

Key Takeaways

  • ATMG project has seen a sharp price drop of more than 84% on May 7th,2022.
Is Atmg A Scam Project?
Token Price Crash

Here is the contract address: https://bscscan.com/address/0x70df95168c90d21563b9dd2d5ae87364ee1ae05e

Not much information is available about this project. It is not listed on any major crypto exchange, and we could not find its official website.

But we have seen something unusual. On May 10th, 2022, just after the price drop, 84,359,385.103 tokens were traded. Similarly, on May 13th, 2022, 85,014,947.913 tokens were traded. This is a very high amount if we compare this to its supply. Below is the same screenshot from Bitquery.

Tokens Traded On Past Few Days
Tokens Traded on Past Few Days

Here is the token address: https://bscscan.com/token/0x70df95168c90d21563b9dd2d5ae87364ee1ae05e. It has a supply of 90,000,000 tokens. Currently, 13,301 addresses are holding it.

We will recommend our readers to be careful and perform their own research before investing in it. As crypto scams are increasing nowadays, our readers should stay alert.

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Yash Kamal Chaturvedi

Btech Computer Science, Maharshi Dayanand University, Rohtak (2023)