Any $LIT (Lighter) holders here?
Check out the $LIT chart! It looks very promising for a continued uptrendโthe price is holding above the ascending trendline, and momentum is gaining strength.
Buybacks have already been launched: the team is using protocol revenue to buy back tokens directly from the market, which has already pushed the price up 18%.
Coin holdings are highโwhales are actively buying up, and token distribution is focused on long-term holders with vesting for the team and investors.
This could be a great setup for growth!๐ฐ
#LIT #Lighter @Lighter_xyz@lighter_daily
1. Linea Crime Season.
$LINEA's TGE was September 10th, almost 4 months ago.
In 4 months, the price has dropped more than 75%.
The main reason - sales of 3.89% of the total token supply of $LINEA (2.8 billion $LINEA), executed by the Linea team on behalf of the so-called Linea Consortium.
If this was a project not backed by an Ethereum co-founder - looking at the chart, you'd think it was just a classic exit scam.
All $LINEA wallets or so-called Linea Consortium wallets used for these sales - can be traced here https://t.co/LTibVwJVB7
I made a short video that clearly traces the token flow and how they're funneled to exchanges for sale.
To cover their tracks, they used over 50 wallets, intermediaries, and so on.
And yes, @LineaBuild isn't the only team doing this kind of selling.
But why does this particular case look like maximum fraud and market deception?
Let's break it down with all the facts.
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Linea Crime Season or More Than $50 Million Extracted by @LineaBuild Through Lies
That every web3 team is selling tokens to the marketโthat's nothing new. It's business and companies need to earn money somehow.
But the way Linea did it - that's the pinnacle of hypocrisy and borders on outright fraud - lies and market deception to sell 3.89% of the total $LINEA token supply.
Like and retweet to give this maximum exposure.
Linea Crime Season - all the details in this thread!
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