StepN team is possibly rugpulling!!! So, the data I have is: StepN litepaper tells us that advisors will start having access to their tokens (2.5% or 150.000.000 GMT ) in Feb 2023, starting with 0.1% unlock. If you'll look at distribution, there are 3 largest accounts: One with 89.448% of total supply, which are tokens that are meant to be minted in...
StepN litepaper tells us that advisors will start having access to their tokens (2.5% or 150.000.000 GMT) in Feb 2023, starting with 0.1% unlock. But according to the solana explorer, yesterday they started to move their money and already transfered more than 2 millions of GMT. Given the current agressive marketing, I think there is a fraud going on.
Short term there is a possibility of a breakout to the 3.40 zone at the and of this triangle. Overall I'm still super bearish on that coin.
Please, GMT maxis, if you want to comment, abstain! 90% of all the coins are waiting to get in the market. Yes, i know, that according to the tokenomics they will gradually increase in 10 years. BUT: 1) At the start we only had 600 mil tokens in circulation. 2) 960 million coins were bought privately at 0.05 cent, NOT 5 cents, HALF of a CENT. 3) Devs reserved...