


New day new learnings for the @Ronin_Network community A lot of you have received $MOA tokens which appear to be worth millions. In this case it looks like the creator of the token has disabled selling and buying, but still it appears as it’s very valuable in your wallet. How is this possible? The Dev has created a liquidity pool at an insanely high valuation but no trading is happening other than an initial position that the dev created. The wallet then looks at the latest traded price and calculates the value of the tokens in USD terms. The wallet assumes you can sell this token. In this case there is 1. not enough liquidity in the pool to sell and 2. The token cannot even sold. In this case it seems like the dev likely did this to have some fun with the community but in future cases this sort of strategy is likely going be a scam. If you get an airdrop and you see it a increase massively in price you are likely to buy more. Now you know! Expect more lessons in the coming weeks and months as smart devs enter the network. You can remove this in your wallet manually. In the future the wallet will likely filter out this stuff.



























