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Author: Admin | 2025-04-27
Appeal to you, we have great news. Dfinity is calling 2022 “the year for ICP.” According to them, there are 500 developers working on the network. The dapps, from DeFi to websites built in the Internet Computer, have 250K daily active users.What Exactly Happened? What Are The Accusations?Nobody knows for sure if the initial investors dumped ICP on the retail investors, but that’s the leading theory. Before Internet Computer appeared on the scene, in 2017, a crowdfunding round gave small investors the chance to get cheap ICP tokens. When the coin debuted, those small investors got confusing and extremely technical instructions and had to deal with an unreliable system that effectively kept them from selling at all-time high.Suspicious. Following the blood, Arkham Intelligence released a comprehensive report that seems to point to an old-fashioned rug pull. What did they find out and how did they do it?First, they identified “addresses we suspect belong to the Dfinity treasury and project insiders have deposited 18.9 million ICP, worth ~$3.6 billion at time of deposit, to exchanges.”They determined that “deposits from the Treasury plus suspected insiders account for approximately 75% of total ICP deposits to exchanges.”And here come the grave accusations. “It has nonetheless come out that Dfinity imposed 4-year vesting on small seed supporters, who collectively own about 25% of the ICP supply, while having no vesting for the Dfinity foundation.”Also, as we explained, “Seed supporters who viewed them eager to claim their tokens were confronted with pages of complicated technical steps
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