FUD
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šµ Paolo Ardoino addresses negativity around Tether
The CEO of Tether stated that all negative claims about USDT are just FUD.
š¤ He believes these are paid articles, and those behind them are the same people who claim Bitcoin is useless.
#USDTFUD #FUD #BTCMiningPeak #btc2025 #BTCBelow92K
The CEO of Tether stated that all negative claims about USDT are just FUD.
š¤ He believes these are paid articles, and those behind them are the same people who claim Bitcoin is useless.
#USDTFUD #FUD #BTCMiningPeak #btc2025 #BTCBelow92K
TETHER #USDT FUD Alert š¤šØ..... Frens, the crypto streets are buzzing, and everyoneās clutching their wallets. Letās chill for a sec and break this down:
Whatās the deal with USDT? š¤š
ā¶ļø Delisted in the EU: Yep, itās happening, butā¦
ā¶ļø No impact outside the EU. The rest of the world? Business as usual. ššš
ā¶ļø Futures unaffected: Futures traders, breathe easy. This doesnāt mess with your positions. š
ā¶ļø Exchanges will notify you: If any changes come to USDT trading pairs, your exchange will slide into your notifications faster than a DM.
TL;DR
The sky isnāt falling, frens. Unless youāre trading USDT in the EU, this #FUD doesnāt hold much weight. As always, stay informed, donāt panic-sell, and DYOR.
Now, go grab a coffee (or crypto gains) and relax. āšø #Tether
Whatās the deal with USDT? š¤š
ā¶ļø Delisted in the EU: Yep, itās happening, butā¦
ā¶ļø No impact outside the EU. The rest of the world? Business as usual. ššš
ā¶ļø Futures unaffected: Futures traders, breathe easy. This doesnāt mess with your positions. š
ā¶ļø Exchanges will notify you: If any changes come to USDT trading pairs, your exchange will slide into your notifications faster than a DM.
TL;DR
The sky isnāt falling, frens. Unless youāre trading USDT in the EU, this #FUD doesnāt hold much weight. As always, stay informed, donāt panic-sell, and DYOR.
Now, go grab a coffee (or crypto gains) and relax. āšø #Tether
User-Wenzel:
š
"USDT isnāt illegal, crashing, or disappearingādonāt fall for the FUD. Stay informed, stay calm, and trade smart."
More on the USDT FUD: Whatās Really Happening
There's been a flood of misinformation about USDT (Tether) lately, causing unnecessary panic and confusion. From claims that itās illegal to own to predictions of it crashing and collapsing the market, the fear-mongering is out of control. Here's the truth:
What's Actually Happening?
Nothing. Yes, you read that rightāabsolutely nothing.
Here's Why:
1. Some of the Biggest Exchanges in Europe Still Support USDT:
Binance Europe
Crypto.com
And many others.
2. Regulatory Clarity:
Public statements from regulators confirm USDT isnāt non-compliant.
Even Juan Ignacio IbaƱez (a MiCA alliance technical committee member) validated this.
3. Precautionary Delistings:
Exchanges like Coinbase delisting USDT? Itās purely precautionary. Remember when XRP was delisted and later relisted? Same scenario.
4. Global Operations Continue Uninterrupted:
Even if USDT were delisted in Europe (a big if), it would still function across global markets and decentralized exchanges (DEXs).
Europe is just one region in a global ecosystem.
Why the Panic?
The panic comes from misinformation and fear-mongering by accounts chasing engagement. These narratives either stem from ignorance or deliberate attempts to grab your attention.
Key Takeaways:
USDT is NOT illegal.
Itās NOT crashing.
Still widely available and traded.
Nothing significant is changing.
Unfollow the clowns spreading panic, and stick to reliable sources for updates. Donāt let the noise distract you from the facts.
Stay informed. Stay calm. Keep trading smart.
#USDTš„š„š„ #IllegalMining #FUD #
More on the USDT FUD: Whatās Really Happening
There's been a flood of misinformation about USDT (Tether) lately, causing unnecessary panic and confusion. From claims that itās illegal to own to predictions of it crashing and collapsing the market, the fear-mongering is out of control. Here's the truth:
What's Actually Happening?
Nothing. Yes, you read that rightāabsolutely nothing.
Here's Why:
1. Some of the Biggest Exchanges in Europe Still Support USDT:
Binance Europe
Crypto.com
And many others.
2. Regulatory Clarity:
Public statements from regulators confirm USDT isnāt non-compliant.
Even Juan Ignacio IbaƱez (a MiCA alliance technical committee member) validated this.
3. Precautionary Delistings:
Exchanges like Coinbase delisting USDT? Itās purely precautionary. Remember when XRP was delisted and later relisted? Same scenario.
4. Global Operations Continue Uninterrupted:
Even if USDT were delisted in Europe (a big if), it would still function across global markets and decentralized exchanges (DEXs).
Europe is just one region in a global ecosystem.
Why the Panic?
The panic comes from misinformation and fear-mongering by accounts chasing engagement. These narratives either stem from ignorance or deliberate attempts to grab your attention.
Key Takeaways:
USDT is NOT illegal.
Itās NOT crashing.
Still widely available and traded.
Nothing significant is changing.
Unfollow the clowns spreading panic, and stick to reliable sources for updates. Donāt let the noise distract you from the facts.
Stay informed. Stay calm. Keep trading smart.
#USDTš„š„š„ #IllegalMining #FUD #
MOCARES:
Thanks you
$USDT FUD
šØIMPORTANT NEWS FOR EUROPEANSšØ
A lot of $USDT FUD going around, so hereās the reality:
$USDT is NOT becoming illegal in Europe on Dec 30, 2024
MiCA rules will require compliance, but thereās a 6-18 month transition period for providers
Some exchanges are delisting early (Coinbase); others are waiting for clarity
$USDC may be the better MiCA-compliant stablecoin option but there is still no clarity.
#USDT #FUD #BTCXmasOrDip? #CryptoETFMania #MarketRebound
A lot of $USDT FUD going around, so hereās the reality:
$USDT is NOT becoming illegal in Europe on Dec 30, 2024
MiCA rules will require compliance, but thereās a 6-18 month transition period for providers
Some exchanges are delisting early (Coinbase); others are waiting for clarity
$USDC may be the better MiCA-compliant stablecoin option but there is still no clarity.
#USDT #FUD #BTCXmasOrDip? #CryptoETFMania #MarketRebound
šØšØImportantšØšØ
šFUD: USDT IS ABOUT TO CRASH
š¹ In less than 4 Days, $USDT will be Illegal in Europe.
š¹ On December 30th, USDT will be delisted from EU exchanges.
š¹ Forget the FUD, This is not the end of Crypto.
š¹ Now diversify your USDT to other stable coins and currently the best option in the market is USDC.
š¹ Once the Fud is over then we'll again shift our fund to USDT.
š¹ To play on the safe side must diversify your stable coins into other stable coins.
#FUD #alert
šFUD: USDT IS ABOUT TO CRASH
š¹ In less than 4 Days, $USDT will be Illegal in Europe.
š¹ On December 30th, USDT will be delisted from EU exchanges.
š¹ Forget the FUD, This is not the end of Crypto.
š¹ Now diversify your USDT to other stable coins and currently the best option in the market is USDC.
š¹ Once the Fud is over then we'll again shift our fund to USDT.
š¹ To play on the safe side must diversify your stable coins into other stable coins.
#FUD #alert
šš ššµš¶š ššµš² š²š»š± š¼š³ š§š²ššµš²šæ?šØšØ
The USDT will get delisted from Europe's #crypto exchanges on Dec. 30, 2024.
The #Tether ban has brought the fear of a crypto market crash out, as its delisting in Europe could lead to massive liquidity issues.
People have started to spread the FUD and call #Tether a ticking bomb and a $118B scam.
But if you have been in crypto for the last few years, you already know that Tether #FUD is not new.
In case you don't know, Tether made over $10 billion in profit this year.
It also holds approximately $100 billion worth of US Treasury bonds, more than 82,000 #bitcoin .
We are going to witness one of the BIGGEST bull runs in the history of crypto.
Don't panic and ignore the FUD.
The #Tether ban has brought the fear of a crypto market crash out, as its delisting in Europe could lead to massive liquidity issues.
People have started to spread the FUD and call #Tether a ticking bomb and a $118B scam.
But if you have been in crypto for the last few years, you already know that Tether #FUD is not new.
In case you don't know, Tether made over $10 billion in profit this year.
It also holds approximately $100 billion worth of US Treasury bonds, more than 82,000 #bitcoin .
We are going to witness one of the BIGGEST bull runs in the history of crypto.
Don't panic and ignore the FUD.
2024 Crypto Year in Review: š¦š§® The Good, the Wild, and the Just Plain Weird! šš„ø .... Another year in the crypto jungle, frens! While weāre no strangers toĀ #FOMO ,Ā #FUD , and HODLing, 2024 still managed to surprise us. Hereās our roundup of the yearās wildest trends and lessons:
1ļøā£ Memecoins Went Mega: Weāre talkingĀ $100Ā billion+ market cap, folks. šš± What started as dog-and-cat jokes somehow turned into a phenomenon. š Love them or not, #memecoins are here to stayābut donāt forget, theyāre still riskier than a tightrope walk on a windy day. Proceed with caution, lol! šāļø
2ļøā£ VC-Backed Token Blues: Investing early in VC-backed tokens with low MC/FDV ratios? š Not so hot this year. Tokens likeĀ $REZ ,Ā $OMNI , andĀ $AEVO are down 75%+ from their ATHs. The lesson? Donāt let the hype fool youāpatience is key! ā
3ļøā£ Binanceās Freshman Class: 2024 provedĀ #BinanceĀ is the go-to for newcomers (as always), but many users still lack risk knowledge. From Futures losses to labeling projects āShitcoinsā when prices donāt moon, Binance newbies keep things entertaining. š
4ļøā£ What Binance Users Love: Forget educational postsātheyāre all about short/long tips and #whalealert updates. If youāre looking for in-depth learning, sorry mate, itās TL;DR for most users. š¶š¤”
5ļøā£ Regulations? Whatās That?: Traditional finance rules? Crypto didnāt get the memo. Pump-and-dump games and market manipulations are still thriving. DYOR isnāt just adviceāitās survival! š¤
6ļøā£ Community > Profits: Some projects have been running at a loss for years but survive purely on community power. š¦ŗ Passion > profits? Who knew? š©š
Cheers to 2025!š Wishing you a Merry Christmas and a prosperous new year! š May 2025 bring less FUD, more gains, and all the knowledge you need to thrive in this crazy world of crypto. DYOR always, frens! š
1ļøā£ Memecoins Went Mega: Weāre talkingĀ $100Ā billion+ market cap, folks. šš± What started as dog-and-cat jokes somehow turned into a phenomenon. š Love them or not, #memecoins are here to stayābut donāt forget, theyāre still riskier than a tightrope walk on a windy day. Proceed with caution, lol! šāļø
2ļøā£ VC-Backed Token Blues: Investing early in VC-backed tokens with low MC/FDV ratios? š Not so hot this year. Tokens likeĀ $REZ ,Ā $OMNI , andĀ $AEVO are down 75%+ from their ATHs. The lesson? Donāt let the hype fool youāpatience is key! ā
3ļøā£ Binanceās Freshman Class: 2024 provedĀ #BinanceĀ is the go-to for newcomers (as always), but many users still lack risk knowledge. From Futures losses to labeling projects āShitcoinsā when prices donāt moon, Binance newbies keep things entertaining. š
4ļøā£ What Binance Users Love: Forget educational postsātheyāre all about short/long tips and #whalealert updates. If youāre looking for in-depth learning, sorry mate, itās TL;DR for most users. š¶š¤”
5ļøā£ Regulations? Whatās That?: Traditional finance rules? Crypto didnāt get the memo. Pump-and-dump games and market manipulations are still thriving. DYOR isnāt just adviceāitās survival! š¤
6ļøā£ Community > Profits: Some projects have been running at a loss for years but survive purely on community power. š¦ŗ Passion > profits? Who knew? š©š
Cheers to 2025!š Wishing you a Merry Christmas and a prosperous new year! š May 2025 bring less FUD, more gains, and all the knowledge you need to thrive in this crazy world of crypto. DYOR always, frens! š
User-Wenzel:
ššš
š„šØ Bitcoinās 15% Weekly Drop: Why FUD Might Be a Hidden Opportunity šØš„
š Price Plunge: Bitcoin fell 15% last week, sliding from $108K to $92Kāits worst performance since the Trump era.
š Sentiment Alert: Fear, Uncertainty, and Doubt (FUD) are dominating the market, with sentiment hitting its lowest point of the year.
š Buy Signal?: Analyst Ali Martinez points to a potential BTC reversal based on the TD Sequential indicator.
š Key Support Zone: Bitcoin is now sitting at a critical range: $97K-$93.8K.
š Whatās Next?:
ā¢ Bounce: Holding this support could lead to a major rally.
ā¢ Breakdown: A dip below may drive BTC toward $70K.
#bitcoinhalving #cryptonews #BTCā #fud #OpportunityKnocks
š Price Plunge: Bitcoin fell 15% last week, sliding from $108K to $92Kāits worst performance since the Trump era.
š Sentiment Alert: Fear, Uncertainty, and Doubt (FUD) are dominating the market, with sentiment hitting its lowest point of the year.
š Buy Signal?: Analyst Ali Martinez points to a potential BTC reversal based on the TD Sequential indicator.
š Key Support Zone: Bitcoin is now sitting at a critical range: $97K-$93.8K.
š Whatās Next?:
ā¢ Bounce: Holding this support could lead to a major rally.
ā¢ Breakdown: A dip below may drive BTC toward $70K.
#bitcoinhalving #cryptonews #BTCā #fud #OpportunityKnocks
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Every time I finish fucking, I get slapped in the face
At 2 o'clock in the morning, I saw the price of bgb rising to such a high level. Many people who sold it came to me and told me that their thighs were brokenš
#fud
At 2 o'clock in the morning, I saw the price of bgb rising to such a high level. Many people who sold it came to me and told me that their thighs were brokenš
#fud
$CRV : #Onchain Update from Smart Traders' activities šØāš»
After the recent FUD release, both Smart DEX Traders and Smart Money are continuously buying back into $CRV . š³
- The total amount bought by Smart DEX Traders is $1.77M
- The total bought by Smart Money is ~$7.3M.
The fact that smart guys are still continuing to buy $CRV after the sharp price decline suggests that they may view this as an opportunity to buy in, rather than a bad signal from CurveDAO.
What is your opinion on this, our buddies?
*Note: Please pay attention that Smart Guys could buy in on DEX and send to CEX for selling. We will keep updated if there are any important changes š
#DataFi #iCrypto #fud #CurveDAO
After the recent FUD release, both Smart DEX Traders and Smart Money are continuously buying back into $CRV . š³
- The total amount bought by Smart DEX Traders is $1.77M
- The total bought by Smart Money is ~$7.3M.
The fact that smart guys are still continuing to buy $CRV after the sharp price decline suggests that they may view this as an opportunity to buy in, rather than a bad signal from CurveDAO.
What is your opinion on this, our buddies?
*Note: Please pay attention that Smart Guys could buy in on DEX and send to CEX for selling. We will keep updated if there are any important changes š
#DataFi #iCrypto #fud #CurveDAO
DataFi - Onchain Research
--
$CRV - Smart Money's Win Rate 73% Surprisingly Buys $CRV Amidst Project FUD š¤š¤
While the price of CRV dropped over 35% within the past hour following FUD from founder Michael, a smart wallet 0xcfc5 surprisingly bought $117.63K worth of CRV
ā”ļø His wallet here: 0xcfc50541c3deaf725ce738ef87ace2ad778ba0c5
Is this guy betting on a comeback of $CRV?
#DataFi #iCrypto #CurveDAO
While the price of CRV dropped over 35% within the past hour following FUD from founder Michael, a smart wallet 0xcfc5 surprisingly bought $117.63K worth of CRV
ā”ļø His wallet here: 0xcfc50541c3deaf725ce738ef87ace2ad778ba0c5
Is this guy betting on a comeback of $CRV?
#DataFi #iCrypto #CurveDAO
Is A Massive Bitcoin Sell-off on the Horizon in September?
#BinanceSquareCreatorAward
Bitcoin mining operations are currently facing significant challenges. In August 2024, miners' earnings plummeted to their lowest point in over a year. This sharp drop has raised concerns about a potential wave of Bitcoin sales, which could further destabilize the cryptocurrency market.
Falling Revenues and Rising Costs: The combination of declining rewards and increasing mining difficulty has made it increasingly challenging for miners to maintain profitability. As a result, many miners have been forced to liquidate their Bitcoin holdings to cover costs and stay afloat.
Potential for Mass Sell-Off: The financial strain on miners has led to concerns about a potential mass sell-off of Bitcoin. If a large number of miners were to liquidate their holdings, it could significantly impact the price of Bitcoin, especially given its already weakened state.
Industry-Wide Challenges: The Bitcoin mining industry is facing a multitude of challenges. Miners are exploring alternative revenue streams and innovative technologies to mitigate the impact of declining profitability. However, these solutions are still in their early stages and may not provide immediate relief.
Investor Caution: Given the current market conditions and the potential for increased volatility, investors are advised to exercise caution and closely monitor developments in the Bitcoin mining sector.
What do you think? Are you ready for any scenario?
#BitcoinCrash #FOMOisReal #fud #selloff
#BinanceSquareCreatorAward
Bitcoin mining operations are currently facing significant challenges. In August 2024, miners' earnings plummeted to their lowest point in over a year. This sharp drop has raised concerns about a potential wave of Bitcoin sales, which could further destabilize the cryptocurrency market.
Falling Revenues and Rising Costs: The combination of declining rewards and increasing mining difficulty has made it increasingly challenging for miners to maintain profitability. As a result, many miners have been forced to liquidate their Bitcoin holdings to cover costs and stay afloat.
Potential for Mass Sell-Off: The financial strain on miners has led to concerns about a potential mass sell-off of Bitcoin. If a large number of miners were to liquidate their holdings, it could significantly impact the price of Bitcoin, especially given its already weakened state.
Industry-Wide Challenges: The Bitcoin mining industry is facing a multitude of challenges. Miners are exploring alternative revenue streams and innovative technologies to mitigate the impact of declining profitability. However, these solutions are still in their early stages and may not provide immediate relief.
Investor Caution: Given the current market conditions and the potential for increased volatility, investors are advised to exercise caution and closely monitor developments in the Bitcoin mining sector.
What do you think? Are you ready for any scenario?
#BitcoinCrash #FOMOisReal #fud #selloff
Discover Five Meme Coins Gaining Popularity on the Sui Network
Five popular meme coins (#HIPPO , #fud , #BLUB , $AAA, and $SUIMAN) have emerged as dominant players on the Sui network.
These meme coins demonstrate the power of community-driven marketing and smart branding in the crypto space. While theyāve seen rapid growth, experts caution about the uncertain long-term sustainability of investing in meme coins.
Meme Coins Gaining Traction on the Sui Network
Meme coins are currently on the rise, and several have gained significant attention on the Sui network. New statistics highlight five tokens that have become favorites among investors. The top performers include Sudeng (HIPPO), Fud the Pug ($FUD), BLUB ($BLUB), AAA Cat ($AAA), and SUIMAN (SUIMAN).
Sudeng (HIPPO) Leading the Pack
With the ticker HIPPO, Sudeng has become one of the key players on the Sui network. Its success is attributed to strong branding and community support, which have helped boost its popularity.
Fud the Pug ($FUD) Gains Momentum
Inspired by the pug breed, $FUD quickly rose to become one of the most popular meme coins on the Sui network. Its name is a playful reference to the crypto term "FUD" (fear, uncertainty, doubt), which has been widely appreciated by the community.
BLUB ($BLUB) Making Waves
BLUB has become a standout on the Sui network's meme coin market due to its simplicity. Its short, catchy name has made it an attractive option for investors in the crowded meme coin space.
AAA Cat ($AAA) Climbing Up
The AAA token, featuring a cat theme, has claimed a significant spot in the market. With a branding focus on attracting investors seeking "premium" meme coins, and a catchy name, AAA has seen strong growth.
SUIMAN ($SUIMAN) Flexes Its Strength
Rounding out the top five meme coins is SUIMAN, which plays on the name of the Sui network. Its "macho" branding has drawn attention and attracted new members to the meme coin community.
The rise of these meme coins on the Sui network reflects a broader trend in the crypto market. Users are often drawn to tokens that mix humor with value. However, market observers warn that investing in meme coins carries significant risks.
Stay one step ahead ā follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.ā
These meme coins demonstrate the power of community-driven marketing and smart branding in the crypto space. While theyāve seen rapid growth, experts caution about the uncertain long-term sustainability of investing in meme coins.
Meme Coins Gaining Traction on the Sui Network
Meme coins are currently on the rise, and several have gained significant attention on the Sui network. New statistics highlight five tokens that have become favorites among investors. The top performers include Sudeng (HIPPO), Fud the Pug ($FUD), BLUB ($BLUB), AAA Cat ($AAA), and SUIMAN (SUIMAN).
Sudeng (HIPPO) Leading the Pack
With the ticker HIPPO, Sudeng has become one of the key players on the Sui network. Its success is attributed to strong branding and community support, which have helped boost its popularity.
Fud the Pug ($FUD) Gains Momentum
Inspired by the pug breed, $FUD quickly rose to become one of the most popular meme coins on the Sui network. Its name is a playful reference to the crypto term "FUD" (fear, uncertainty, doubt), which has been widely appreciated by the community.
BLUB ($BLUB) Making Waves
BLUB has become a standout on the Sui network's meme coin market due to its simplicity. Its short, catchy name has made it an attractive option for investors in the crowded meme coin space.
AAA Cat ($AAA) Climbing Up
The AAA token, featuring a cat theme, has claimed a significant spot in the market. With a branding focus on attracting investors seeking "premium" meme coins, and a catchy name, AAA has seen strong growth.
SUIMAN ($SUIMAN) Flexes Its Strength
Rounding out the top five meme coins is SUIMAN, which plays on the name of the Sui network. Its "macho" branding has drawn attention and attracted new members to the meme coin community.
The rise of these meme coins on the Sui network reflects a broader trend in the crypto market. Users are often drawn to tokens that mix humor with value. However, market observers warn that investing in meme coins carries significant risks.
Stay one step ahead ā follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.ā
See original
šØ BTC FUD NEWS AGAIN šØ
TODAY: German Government sells BTC for up to $155 million.
š©šŖThe German Government transferred 600 BTC to Coinbase and Bitstamp exchanges.
ā¢Thus, the German Government sent 1,750 Bitcoins to the exchanges in the last 24 hours.
ā¢The government currently still has 35,488 BTC ($2.03 billion).
German Government sent 2738.7 BTC ($155.3 million) to prospective exchanges/market makers including Kraken, Cumberland, 139Po (probably deposit for institutional/OTC service) and sent to bc1qu.
Of this, 1533 BTC ($87.6 million) was sent in the last hour.
Before today, the German Government had neither interacted with the Cumberland address nor the bc1qu address.
Again, while BTC was at the resistance point, the expected move from the German government came. But they forget one thing: with each fud transaction, their cumulative influence on the market gradually decreases. Until it is neutralized. Go on. We wait š
Source: $ARKM
#Government #bitcoin #btc #fud $BTC
TODAY: German Government sells BTC for up to $155 million.
š©šŖThe German Government transferred 600 BTC to Coinbase and Bitstamp exchanges.
ā¢Thus, the German Government sent 1,750 Bitcoins to the exchanges in the last 24 hours.
ā¢The government currently still has 35,488 BTC ($2.03 billion).
German Government sent 2738.7 BTC ($155.3 million) to prospective exchanges/market makers including Kraken, Cumberland, 139Po (probably deposit for institutional/OTC service) and sent to bc1qu.
Of this, 1533 BTC ($87.6 million) was sent in the last hour.
Before today, the German Government had neither interacted with the Cumberland address nor the bc1qu address.
Again, while BTC was at the resistance point, the expected move from the German government came. But they forget one thing: with each fud transaction, their cumulative influence on the market gradually decreases. Until it is neutralized. Go on. We wait š
Source: $ARKM
#Government #bitcoin #btc #fud $BTC
Ongoing FUD Challenges Manta Network After Token Launch
After being listed, Manta Network is currently grappling with a series of FUD issues that have adversely affected its reputation within the community.As reported by AZC.News, at 9:30 AM on January 18, 2024 (UTC), Manta Network conducted its Token Generation Event (TGE) and was listed on several major exchanges approximately 30 minutes later. However, since its debut, Manta Network (MANTA) has been plagued by a series of FUD issues, significantly impacting Manta's value and creating a negative perception within the cryptocurrency community.Subjected to DDoS AttackSimultaneously, the project opened the airdrop claim portal for eligible users. However, at the time of the Token Generation Event (TGE), the network fell victim to a Distributed Denial of Service (DDoS) attack, preventing many users from accessing the website to claim their tokens.According to the project team, the incident was a deliberate attack where the perpetrator flooded the RPC node with excessive requests, causing network overload.Approximately 15 minutes later, the Manta Pacific network returned to normalcy thanks to the prompt response from the project team. Nevertheless, this incident significantly impacted the user experience for those trying to claim the airdrop.Community Suspicions of "Insider Trading" on Korean ExchangeNot stopping there, on the morning of January 19th, some users criticized that the personal wallet of a Business Development (BD) professional in the Korean market received 2 million MANTA tokens from the project's wallet.Subsequently, this individual swiftly deposited the aforementioned tokens onto Bithumb, the second-largest cryptocurrency exchange in Korea after Upbit. Within the first 5 minutes of MANTA being listed on the exchangeāwhen token prices experienced significant fluctuationsāthis person sold all the mentioned MANTA tokens at prices around x50 - x100 compared to the public sale price.Ultimately, this individual withdrew 2,094 ETH equivalent to $5.16 million to their personal wallet.It's worth noting that the 2 million MANTA tokens deposited on Bithumb accounted for 75% of the exchange's volume at that time. This implies that just a few "dump" orders were sufficient to drive down the price of MANTA significantly, affecting many other users.In response to these allegations, the project team asserted that the token amount constituted the ecosystem development fund, distributed according to the tokenomics. The project also affirmed its expansion into Asian markets, particularly Korea and Hong Kong. The mentioned token quantity was earmarked for establishing a branch in the land of kimchi.Manta Network (MANTA) Price After FUD IncidentsThe MANTA token price is holding up quite well despite being affected by various FUD incidents and the significant decline in the price of Bitcoin.4h chart of MANTA/USDT pair on Binance at 03:26 AM on January 20, 2024.#MANTA #fud
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If you calmly analyze the source of recent FUD, you will find that it is not terrible.
1ļøā£ The outflow of workers
2ļøā£ ETF āāencounters bottlenecks
3ļøā£ The weekly line has several times the M head plus the MACD divergence
In the short term, we need to deal with 450 holders, so we will make range adjustments between 735-585, but now is the post-production reduction era, it is still bullish! #fud
1ļøā£ The outflow of workers
2ļøā£ ETF āāencounters bottlenecks
3ļøā£ The weekly line has several times the M head plus the MACD divergence
In the short term, we need to deal with 450 holders, so we will make range adjustments between 735-585, but now is the post-production reduction era, it is still bullish! #fud