Ladies and gentlemen, today let's discuss a very典型 case—the Foin project. This thing plummeted from its peak of $3640 to less than $5, all within just over a month. I’ve整理ed the timeline, and honestly, it’s a bit frightening—this isn’t market fluctuation at all, but a standard "pump and dump" script. Now I’ll break down in the most straightforward words how it’s designed to坑 people.

**Step 1: Pumping Up—Bluffing with a "Sky-High Acquisition"**

Foin’s爆雷 happened right at its most "glamorous" moment. In December 2019, the project suddenly announced a big news: using 1 million Foin tokens (at that time boasting a valuation of $2.1 billion) to acquire a certain trading platform. Once the news broke, the price surged 41% in a single day, hitting $3640.

But if you think carefully, you’ll see the问题:

Using a $2.1 billion "sky-high" valuation to acquire an unknown small platform? That number is so outrageous even traditional VCs would shake their heads. Why is the valuation so高? It makes no sense.

More importantly, they used their own tokens as the acquisition payment. What does that mean? It’s like printing money at zero cost to buy assets—who ends up paying? Retail investors. This isn’t strategic M&A; it’s clearly a拉盘诱多—using inflated imagination space to吸引FOMO, setting the stage for a subsequent dump.

**Step 2: Freezing—"Technical Upgrade" as the Trigger to Harvest**

The even more离谱 part came next. When the price peaked, the project suddenly announced禁止用户提现. The理由 sounded fancy: "System upgrade" "Token liquidity optimization." In reality? They were怕散户抢先砸盘，套不住盘面.

This move in the crypto圈 is actually seen too many times. Remember FCoin? First they destroyed platform tokens to create scarcity, then突然"maintenance interruption," followed by a爆资金链断裂. The套路一模一样.

During the days when Foin restricted withdrawals, almost all team members disappeared. No explanation, no progress updates—just silence. This silence itself is the biggest signal.

**Step 3:跑路—The Nightmare for Retail Investors Begins**

During this禁提 period, the project team was likely doing their最后清仓. When the restrictions suddenly lifted, the price had already崩盘. By the time retail investors finally could提现, their tokens had already缩水99%.

This is the完整的"收割链条": inflated valuation → emotional诱导 → liquidity冻结 → quietly dumping → when the gates open, it’s already无力回天. Every step is carefully designed to让后进的人接盘.

**How to识别这种套路？**

Look out for项目方是否经常放大新闻、用自家代币做并购、突然限制交易等。一个靠谱的项目，代币流动性是通畅的，团队信息透明，估值论证也有逻辑。

The Foin案例就像教科书一样，展现了币圈最黑暗的一面。希望大家长点心眼，别再被这种"收割剧本"忽悠了。