Hayden Davis, co -author of Libra, does not deny a governor linked to the launch of Memecoin “Sniped”
One of the founders participating in the controversial Mizcoin says that the project itself “kill” the distinctive symbol immediately after its launch.
In encryption trading, Sniping refers to the use of robots or textual programs to buy a newly launched currency before large transactions or enter retail traders.
Sniper gets an early purchase feature of a huge anticipation of trading volume with other investors’ arrival.
In a new interview on Vodzilla YouTube, the Foundation participating in the Libra Hayden Davis He says It does not deny that the project’s portfolio has cut memecoin on the launch day.
According to Davis, the scale had a separate treasury devoted to receiving the distinctive symbol and other investors.
“This money that we consider” sniping “is the project’s money.”
Davis says that the difference behind Memecoin often plays sniping to “deter” others from entering early.
“From the point of view of sniping, most of the time we scramble, we try to avoid other snipers.”
He explains that Memecoin projects need to cut their metal currencies to increase the possibilities of survival by amplifying the maximum market to a high level enough so that the market can absorb large sales orders from deep investors.
Libra, Cracks project initially Backed Written by Argentina President Javier Millie, increased to a maximum of more than $ 4 billion on the launch day before losing more than 95 % of its value on the same day. Miley has since declined his support for encryption assets. People behind the team, including Davis, in hot water, amid commercial accusations from the inside and separate.
But Davis denies committing any violations and says the scale is “a plan that has gone wrong.” He also says that the team is sitting on the funds of the project at a value of $ 100 million.
https://www.youtube.com/watch?
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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