Why is SBET bad token to invest?
SBET, a new token posing as “Sharplink Gaming”, skyrocketed by 280% in just 24 hours, reaching a price of $3, according to CoinMarketCap.
Despite the rapid appreciation, trading volume remains extremely low—an indicator that the price may have been artificially inflated rather than driven by real market demand. The token is currently only available on decentralized exchanges like Uniswap and Dodo, with no centralized listings or major liquidity sources. Such limited accessibility typically enables price manipulation, as small trades can lead to outsized price movements. The rally has sparked interest on crypto forums, but analysts urge traders to consider the broader context. Without substantial volume, the price spike may not be sustainable.
Fake branding, weak community, and red flags across the board
The SBET token appears to be leveraging the name of Sharplink Gaming, a legitimate U.S.-based company with a 30-year history. However, the token itself is only a few days old and has no formal connection to the real firm. CoinMarketCap has flagged the token as “fake,” further signaling that it is attempting to exploit brand recognition to gain traction.
SBET price chart. Source: CoinMarketCap
The project’s social media accounts have very few followers and show little to no engagement, which is uncommon for tokens experiencing such price spikes. This disconnect between market action and community activity is a classic sign of a manipulated project. The branding misrepresentation raises serious ethical and legal concerns.
Analysts suspect pump-and-dump strategy behind the scenes
Given the token’s low liquidity, short lifespan, fake association, and inactive community, experts believe SBET is likely part of a calculated pump-and-dump operation. By pumping the token to attract attention, the insiders may be setting up an ideal environment to short the token or offload holdings onto unsuspecting retail buyers.
Similar schemes have occurred in past market cycles, often leaving retail investors with near-total losses. With no roadmap, no verified team, and no utility, SBET lacks the fundamentals necessary for long-term viability. Traders are strongly advised to stay away from the project or exit while liquidity remains. The risks of a sudden and irreversible crash are exceptionally high.
Recently we wrote that the newly launched COIN token, styled as “Coinbase”, recorded a stunning 500% surge in just 24 hours, peaking at $167.7, according to CoinMarketCap.
Latest Crypto News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
