Friendtech’s Rise Sparks Ponzi Scheme Concerns for Retail Crypto Investors

• 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.

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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.

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