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Davide
@0xdavide
🔴What's happening on Solana? Influencers, platforms and meme-scams. The Milei scandal is just the latest in the crypto world and especially memecoin. 7 major crashes/rug pulls in a month: 🔹US President Donald Trump : $TRUMP 🔹First Lady Melania Trump :$MELANIA 🔹Dave Portnoy: $JAISTOOL 🔹Binance Founder CZ : $TST and $BROCCOLI 🔹African Republic President : $CAR 🔹Argentina President : $LIBRA In the previous cycle (2021) there were rugs connected to famous sports personalities, musicians, other influencers. 🔹$Trump and $Melania are old news, $Tst is a token test on the BNB Chain mentioned by them that led to several rug pulls. 🔹$Broccoli is the name of CZ's dog that led to the creation of a thousand tokens with that name inaugurating the "rug pull party".
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Davide
@0xdavide
🔹$Car is the meme of the president of the Central African Republic who, having reached 500M, made -97% (Twitter profile suspended and site taken down). 🔹$Libra reached 4.5B before a -90% (initially about 110M, 80% of supply, were controlled by a few addresses). ⭕Behind $Libra there would be Julian Peh, Hayden Davis, DefiTuna (Market Maker), Kelsier VC, the Meteora team (farming platform on Solana) and a network of influencers on X. ☄️Basically Meteora manages the contracts and the network of KOL/influencers (meme to spam). Meteora co-founder Ben Chow resigned. 😼Meow, founder of Jupiter and co-founder of Meteora, declared himself innocent of these manipulations and scams. He stated that he hired Fenwick and West to investigate the case (Fenwick and West are lawyers of dubious reputation implicated in the FTX case).
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Davide
@0xdavide
⚠️The result of all this is that $SOL, $JUP, $RAY and almost all tokens on Solana are dumped. When we ask ourselves why altcoins suffer in this cycle...well mainly it depends on all these scams (memes) that have drained so many billions from the market and brought despair. ❌I would like to point out that Solana Chain (technology) has nothing to do with all these scams. In 2020 and 2021 they were on Ethereum mainnet and especially BSC (BNB Chain). Behind the scams there are human beings who move where there are degen buy garbage.
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