The $SAGA project has obvious issues with opaque circulation data. According to publicly available information, the project team claimed that the circulating supply would remain at around 90 million until April 2025 when it was listed in April 2024. However, in reality, a major exchange has verified that its circulating supply has long reached the 600 million level. This huge discrepancy has raised market doubts—if there was a significant deviation from the initial promise, then the subsequent team’s sell-off scale could far exceed expectations, and accumulating hundreds of billions is not impossible. From this perspective, the current 150x decline may really just be the beginning of a price adjustment. For risk-sensitive traders, maintaining caution towards projects with such opaque data is clearly a rational investment attitude.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
6
Repost
Share
Comment
0/400
MindsetExpander
· 12-26 14:57
90 million to 600 million? That's a huge difference, not just a little or a bit. How can the team be so shameless to say that? Anyway, I don't touch this kind of stuff.
View OriginalReply0
LiquidationAlert
· 12-26 14:56
This is the real rug pull. Claiming 90 million as 600 million—how boastful is this team?
I've long thought that the SAGA scam is too obvious. The data doesn't match, yet they still have the nerve to raise funds.
A 150x decline isn't enough. Let's see how brutal the subsequent dump will be.
View OriginalReply0
SelfCustodyIssues
· 12-26 14:51
It's the same kind of scam again, claiming 90 million as 600 million, it's utterly outrageous.
The promised commitments are quickly retracted, and when the team starts selling off later, it will be chaos.
Is a 150x decline really just the appetizer? It's terrifying upon closer inspection.
We should have taken action against projects like this long ago.
Projects where data can be fabricated at will—are they even worth touching?
View OriginalReply0
MetaMasked
· 12-26 14:49
90 million vs 600 million? The gap is way too huge; we should have been alert to this kind of project long ago.
View OriginalReply0
GateUser-beba108d
· 12-26 14:37
It's the same trick again—if the data doesn't match, just blame the team directly.
View OriginalReply0
MainnetDelayedAgain
· 12-26 14:37
90 million becomes 600 million, and this database record needs to be updated again... It's been almost a year since the last promise; let's finally make it happen.
The $SAGA project has obvious issues with opaque circulation data. According to publicly available information, the project team claimed that the circulating supply would remain at around 90 million until April 2025 when it was listed in April 2024. However, in reality, a major exchange has verified that its circulating supply has long reached the 600 million level. This huge discrepancy has raised market doubts—if there was a significant deviation from the initial promise, then the subsequent team’s sell-off scale could far exceed expectations, and accumulating hundreds of billions is not impossible. From this perspective, the current 150x decline may really just be the beginning of a price adjustment. For risk-sensitive traders, maintaining caution towards projects with such opaque data is clearly a rational investment attitude.