Is Entanmo a Scam Project?

Key Takeaways:

  • Twitter User tanjero.eth has identified Entanmo as a scam project in his Twitter Thread.

So, We have tried to verify all his claims after our own investigation.

Firstly, this project doesn’t even have a website. Neither Entanmo[.]com nor entanmo[.]io is online. But the Funny Part is that one of them is listed on CoinMarketCap and the other on EtherScan; however, both of them are on sale at GoDaddy.

Is Entanmo A Scam Project?
Is Entanmo A Scam Project?

Secondly, this project looks like a traditional pump and dump scheme. If we look at its price charts on CoinMarketCap, it has pumped thrice, and a significant crash has followed each time on consecutive days.

Is Entanmo A Scam Project?

Thirdly, It has only 88 token holders, out of which a single address holds 45% of its supply. Even if we considered that this account was treasury or something else, it was selling in bulks throughout pumps at the market price.

Is Entanmo A Scam Project?

So all of tanjero.eth claims are verified, and this project is another pump and dump scheme.

As crypto scam projects are increasing nowadays so our readers should stay alert. Here are some latest Scam Projects our readers should know about;

  1. Is MetaUFO a Scam Project?
  2. Is AwakenHero a Scam Project?
  3. Is HydraMeta Token a Scam?
  4. Is MoonPro Token a Scam?
  5. Is CryptoKingERC20 Project a Scam?
  6. Is PolygonMatid Project a Scam?
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Yash Kamal Chaturvedi

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

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