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wake
@wake.eth
so JRI was a rug/ straight up theft, eh?
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wake
@wake.eth
here's how it went from my perspective: > shadi worms her way into my feed > starts encouraging me (softly, but persistently) to get hyped > keeps trying to get me hyped (I don't lol) > finally shares the website; as promised, I read it > ask Shadi to remove Degen iconography (hats everywhere) > she seems weirdly desperate for my approval and for DEGEN's participation; I decline, pending an actual product and not just some ponzu with extra steps > she removes Degen logo (mostly) from website > I promise to revisit JRI once they have a... product... and not just a dubious financing mechanism. > fast forward a couple of weeks, the project is doing well ostensibly (ie, the token price is up only for /reasons/) > shadi circles back around to me for an "investment of 10k" > I decline, again. Something is... off. Either they're incompetent or... > they rug
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Breech 🎩🍖Ⓜ️
@breech
Smelled that shit happening from a mile away. I honestly didn't even respond to her initial DC. Hard pass. Seems like a lot of work for whatever they rugged, a low 5 figure amount most likely?
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wake
@wake.eth
Feels more like a project that went belly up than a proper rug. But yeah, agree. Should have faded entirely, but she seemed eager and I try to be available. Bah.
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Breech 🎩🍖Ⓜ️
@breech
Definitely possible, perhaps they were anticipating some memecoin level hype when they launched and gave up. That said, giving up without a word said turns it into a rug even if the intent wasn't initially there. Par for the course in this space, we move on lol.
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