The Crazy Story of a Fake UNFi Token and Almost Making a Fortune

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la5er_4tlasHero Member
Posts: 7 · Reputation: 2128
#1Sep 16, 2023, 05:12 PM
Heard about that fake UNFi token? It's wild how people thought they struck gold with it. Back in 2020, tons of folks got 750 UNFI tokens from an airdrop for UniSwap Finance, but guess what? They never got officially listed anywhere.
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0xBossFull Member
Posts: 58 · Reputation: 254
#2Sep 16, 2023, 09:18 PM
Lol, clickbait much? 4k or 5k isn’t even close to a million. Were you hoping it was in some other currency? Plus, liquidity is a huge issue. If a token ain't on a big exchange, good luck trading it. I made some decent cash with ICOs back in the day but nothing like that.
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coldcoinNewbie
Posts: 26 · Reputation: 5
#3Sep 17, 2023, 03:33 AM
I get it, the title definitely grabs attention. But I’m skeptical about those stories. These scam tokens always seem to pop up when another project is doing well. If you’re chasing hype, just be careful. It can bite you back.
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alpha_minerFull Member
Posts: 30 · Reputation: 752
#4Sep 18, 2023, 10:37 AM
Right? I got curious too after seeing that title. But yeah, liquidity is the first hurdle. Even if the token spikes, if there’s no market to sell, you’re stuck waiting. I steer clear of dead tokens myself. Too many bad memories.
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Posts: 47 · Reputation: 3
#5Sep 18, 2023, 03:34 PM
Honestly, you’re a millionaire in the same way Justin Sun is a billionaire. On paper, sure, but if he tried to sell all his TRX, he’d tank the market. Back in 2020, we didn’t even have DEXs with decent features like limit orders. You just had to take whatever price.
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Posts: 93 · Reputation: 213
#6Sep 20, 2023, 02:04 PM
Sucks for those who traded that useless coin. People probably thought they were getting the real deal on Binance. And yeah, you’re not a millionaire with 5k. Just saying.
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benblockSenior Member
Posts: 58 · Reputation: 1761
#7Sep 20, 2023, 07:13 PM
So true! Most crypto ‘rich’ guys don’t realize the reality. Even if someone’s got a billion in bitcoin, selling that much would hurt them badly. OTC is the way to go for big players, but with junk coins like UNFI or TRX? Good luck.
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nocoinerHero Member
Posts: 14 · Reputation: 2837
#8Sep 20, 2023, 08:44 PM
I’m calling BS on this story. There’s no way you could flip a fake token for 4k or 5k. That’s just a scam. I’ve got fake tokens in my wallet too worth a lot, but I know they’re just bait to expose my seed phrase. No way I’m swapping them.
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