- A crypto analyst notes Coinbase insiders’ moves, revealing smart trading tactics, including selling at a high and buying during a dip.
- Backed by Paradigm, Friendtech gains attention as a social dApp with a token-gated chat, despite exploitative mechanics that favor influencers.
- Retail traders, disadvantaged by manipulated share prices and front-running bots, will likely suffer losses.
The crypto community is abuzz as Friendtech, an apparently innovative platform, raises concerns resembling a Ponzi scheme. Crypto analyst Beanie highlights Coinbase insiders’ involvement, strategic trading, and a dubious subsequent venture, posing risks for retail investors.
Read CRYPTONEWSLAND on
google news
Coinbase, a prominent crypto exchange, has recently witnessed its insiders execute a shrewd financial dance. These insiders offloaded substantial holdings of $COIN when its price soared above $250 per share, only to invest strategically during a market dip. This tactical move, while not uncommon, has stirred curiosity due to its timing and implications.
Friendtech, backed by Paradigm, has quickly gained attention as a viral social decentralized application (dApp) with token-gated private chat. However, its mechanics, particularly influencer involvement in manipulating share prices through an exploitative bonding curve, have raised concerns. Despite bugs, Friendtech’s appeal is on the rise.
Retail traders are entering this precarious landscape, unaware of the pitfalls ahead. Manipulated share prices and front-running bots put them at a severe disadvantage. This brewing storm has all the makings of a Ponzi scheme, where early profits for some traders could spell imminent doom for others.
In the world of cryptocurrency investing, caution is paramount. Friendtech’s rapid rise may be a harbinger of an impending bubble burst, leaving retail traders as the ultimate casualties. As the allure of owning a piece of the platform overshadows caution, the industry watches with bated breath, hoping to avert another potential financial disaster.
Read also:
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
