$ICP is one of the most controversial projects. The great technological hype ended with one of the largest and most audacious price manipulations💢💨
Although the Dfinity foundation along with Dominic Williams, CEO of ICP, point to the blame on the collapsed exchange FTX and SBF🙈
In reality, the manipulation took place on Coinbase, where the creators of ICP and early investors conducted a "synthetic" listing, driving the price higher and higher by betting increasingly higher🚀🚀
A synthetic listing means betting on what price ICP will reach, with the caveat that alongside the original pool of money, there are other pools of money that often exceed the original prize pool🪙💸💸
Everything happens within the bounds of the law, and it is normal investors who suffer, having acquired this token at the peak of the hype.
Currently, ICP is a Blockchain of bots, where only a few thousand addresses are active, executing millions of transactions👻🤖🤖
The grand plan to build an independent web3 is failing, as most community projects have turned out to be scams.💥💨
The futuristic vision could not succeed with such massive price manipulation. Although the creators assure that they are working hard on the project.
If we look at the ICP chart, we will never believe in the full honesty and integrity of these people.
ICP reminds me of the project $DASH , does anyone still remember it?
