I've seen many projects raise 8 million USD in funding, only to be artificially packaged as an 800 million USD valuation to start cutting people, especially in the pre-market contracts where there are many pitfalls. To be honest, truly good projects won't have so many convoluted setups. A careful look reveals that—those coins launched on certain top exchanges with contracts do attract attention with early pump-and-dump tactics, but once big institutions actually invest real money and go live with spot and futures trading, what happens? Basically, 99.9% of the time, it's a dump. This is an industry insider rule. Instead of obsessing over pre-market tricks, it's better to learn how to read people: look at the funding background, see which institutions are backing the project, and whether the project team is straightforward and honest. Good projects never play dirty tricks.