1. He said that none of the team members have sold any XPL, but he is lying. There is indeed no evidence of any shipments from the addresses publicly disclosed by the project party! However, during the ICO period, the project party established a large number of wash trading accounts through subscriptions! (The holding cost of these wash trading accounts is only $0.05 each, so there is still plenty of room for downward pressure!) The recent significant drop in coin price is closely related to these wash trading accounts continuously dumping their holdings! Ps: Why do I say that most addresses during the ICO period are the project team's insider trading? Because the ICO event for this project was basically filled in just three minutes. When the project was raising funds, it required depositing money into the project's official website address. I have tested this, and from the time retail investors received the news to when they deposited money and subscribed, three minutes is simply not enough! It is very difficult for retail investors to participate! 2. In my previous post, it was revealed that the Plasma $XPL team is made up of the original members of the Rug chain Blast! The founder of xpl recently replied that only three people have ever worked at Blast. He lied again! The Plasma $XPL team is indeed the original team from Blast! The entire team basically has no genes related to payment or stablecoins. The current model of Plasma is almost identical to that of Blast, which is to find a hot sector, then latch onto a big leg, and create a deposit-attracting model. Then they issue tokens and that's it.
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#XPL xpl founder is anxious!!!
1. He said that none of the team members have sold any XPL, but he is lying. There is indeed no evidence of any shipments from the addresses publicly disclosed by the project party! However, during the ICO period, the project party established a large number of wash trading accounts through subscriptions! (The holding cost of these wash trading accounts is only $0.05 each, so there is still plenty of room for downward pressure!) The recent significant drop in coin price is closely related to these wash trading accounts continuously dumping their holdings!
Ps: Why do I say that most addresses during the ICO period are the project team's insider trading? Because the ICO event for this project was basically filled in just three minutes. When the project was raising funds, it required depositing money into the project's official website address. I have tested this, and from the time retail investors received the news to when they deposited money and subscribed, three minutes is simply not enough! It is very difficult for retail investors to participate!
2. In my previous post, it was revealed that the Plasma $XPL team is made up of the original members of the Rug chain Blast! The founder of xpl recently replied that only three people have ever worked at Blast. He lied again! The Plasma $XPL team is indeed the original team from Blast! The entire team basically has no genes related to payment or stablecoins. The current model of Plasma is almost identical to that of Blast, which is to find a hot sector, then latch onto a big leg, and create a deposit-attracting model. Then they issue tokens and that's it.