According to @zachxbt, traders must exercise extreme caution and cease blindly following influencer calls, which can often be part of elaborate scams. The on-chain investigator highlighted a tactic where an influencer acquires a significant supply of a new token at launch, a practice known as 'sniping,' and then aggressively promotes it to their followers. This behavior, as cited by @zachxbt, is a classic setup for a pump-and-dump scheme, posing a severe financial risk to unsuspecting investors. He advocates for platforms like X to suspend accounts involved in such fraudulent activities to protect the community.

According to @lookonchain, an interview conducted by @coffeebreak_YT revealed that the development team admitted to sniping their own token. This admission could significantly impact the token's trading volume and price stability as trust in the project may decrease. Investors might consider this a red flag, potentially leading to increased volatility and liquidity issues.