Analyst 0xSun Questions Logic Behind JINQIAN and FAMI Token Surge

Crypto analyst 0xSun analyzed the recent JINQIAN/FAMI event, where an unverified project launched the FAMI token and paired it with the meme coin JINQIAN. The lack of locked liquidity and regulatory backing mirrors the early Base chain meme coin 'Bald' incident. Despite the questionable logic, the surge in JINQIAN drove up the price of FAMI, leading to a 'short squeeze' effect. Investors are warned that such projects carry extreme risks of total loss.