people are saying it's a rugpull?
Look for yourself, the top trader of the token received six million VRJAM tokens just prior to the LP Launch - despite not interacting with the presale. Account 0.0.514479 made the account, deposited 29,000 hbar, associated VRJAM, then received 6M tokens (5M of which came directly from the VRJAM ssLP treasury account). Started banning people when asked about the suspicious activity. Their discord got “hacked” by a malicious bot that drained peoples wallet. Two days later they finally discontinued their Discord. And now they disabled comments on their twitter page. Admitted in one of their articles of manipulating the token launch 🤡 🎪
https://x.com/cryptomangZ/status/1774020859776098774?s=20
Rug almost done https://www.geckoterminal.com/hedera-hashgraph/pools/0xc245089153a6cebfdf9cffb31727d5b7e398b1f3
Does this affect the price of HBAR too or did they already sell off their grant?
No idea what they did with the grant, but they got a nice payday between grant money & siphoning liquidity from the Hedera community
i'm not saying either way, but for context that account you're referring to still has the vrjam
You folks need to be careful. Not because a project is build on Hedera makes it legit. A lot of scam out there.
Does anyone have experience with the grants at hbar foundation or hashgraph association? I am thinking of applying with a (legit 😅) project and this rug pull kinda makes the grant allocation seem random?
Could be Pool execution from vrjam aswell. I worked as a cm for another project with the Same kind of "ideas". They came from classic buisness background and really thought those things were smart decisions. Project is dead now. But i know and had proofs they worked a lot for it.
Not sure it’s random as it appears if you’re friends with someone from inside the Foundation it’s pretty easy to get a grant… 😂
Lol that explains a lot
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