The “Numbers Go Up” game or intentional fraud?

A story about fake devs, forgotten projects launched with @clanker, @proxystudio.eth and how someone may be making thousands of dollars monthly on Farcaster using fake accounts

Some last comments I want to clarify before MOVING ON from this topic:

1) I didn't mean to say Proxy was behind it.

I wanted to highlight that ecosystem leaders might not always do due diligence when promoting something. Whether that's intentional or not – don’t know. But 100% know that a lot of people without bad intentions can also do the same and post about tokens without checking them properly. So in the end, always DYOR.

2) I didn’t know this word before, but:

LARP (Live Action Role Playing) –  digitally “playing a role” to influence others' trading decisions or project perceptions.

That’s exactly what it was. So it’s not a traditional scam/rug pull. Most of the money collected from trading fees was made "legitimately" because the audience believed the roleplay of these "devs".

Building an AI x SocialFi app @reachbot /getreach | Open-source human-readable EVM data https://github.com/3loop/loop-decoder

fwiw I don't think you were implying it was proxy or that there was any insider trading 

I just think it's good if ppl ask questions rather than trusting so easily 

there's certainly more stories that will pop up 🤣

Yeah, I guess a few months ago people were euphoric from the pumped tokens, no time to ask questions while numbers are moving 😃