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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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eggman 🔵
@eggman.eth
Yep, looks like it. Token arriving before even a small mvp of a product is always a bad sign. Asking for investment when there's clearly been no spend to date is an even worse sign. Glad you spotted the red flags at least, have seen plenty of smart people get swindled by dipshits like that. 400 $degen
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wake
@wake.eth
and with AI it's trivially easy to make something look competent and well thought out (at first blush). I'm torn between it being a planned rug or an escape rug. I get the sense that market turned, stuff unwound, and they escaped with what they could get before the ponzu collapsed.
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