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<ul> 
 <li>A crypto analyst notes Coinbase insiders’ moves, revealing smart trading tactics, including selling at a high and buying during a dip.</li> 
 <li>Backed by Paradigm, Friendtech gains attention as a social dApp with a token-gated chat, despite exploitative mechanics that favor influencers.</li> 
 <li>Retail traders, disadvantaged by manipulated share prices and front-running bots, will likely suffer losses.</li> 
</ul> 
<p>The crypto community is abuzz as Friendtech, an apparently innovative platform, raises concerns resembling a Ponzi scheme. <a href="https://twitter.com/beaniemaxi?s=20" rel="noopener noreferrer nofollow">Crypto analyst Beanie</a> highlights Coinbase insiders’ involvement, strategic trading, and a dubious subsequent venture, posing risks for retail investors.</p> 
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   <p lang="en" dir="ltr">Retail always loses. This is why<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Coinbase insiders dumped hundreds of millions of dollars worth of <a href="https://twitter.com/search?q=%24COIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$COIN</a>. Much of this near the top, over $250 per share.<br><br>The co-founder of Coinbase, who is also founder of Paradigm, was a big part of that selling. He also bought the recent… <a href="https://t.co/e14eLfoVxz" rel="noopener noreferrer nofollow">pic.twitter.com/e14eLfoVxz</a></p>— Beanie (@beaniemaxi) <a href="https://twitter.com/beaniemaxi/status/1693679882339779050?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 21, 2023</a> 
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<p>Coinbase, a prominent crypto exchange, has recently witnessed its insiders execute a shrewd financial dance. These insiders offloaded substantial holdings of $COIN when its price soared above $250 per share, only to invest strategically during a market dip. This tactical move, while not uncommon, has stirred curiosity due to its timing and implications.</p> 
<p>Friendtech, backed by Paradigm, has quickly gained attention as a viral social decentralized application (dApp) with token-gated private chat. However, its mechanics, particularly influencer involvement in manipulating share prices through an exploitative bonding curve, have raised concerns. Despite bugs, Friendtech’s appeal is on the rise.</p> 
<p>Retail traders are entering this precarious landscape, unaware of the pitfalls ahead. Manipulated share prices and front-running bots put them at a severe disadvantage. This brewing storm has all the makings of a Ponzi scheme, where early profits for some traders could spell imminent doom for others.</p> 
<p>In the world of cryptocurrency investing, caution is paramount. Friendtech’s rapid rise may be a harbinger of an impending bubble burst, leaving retail traders as the ultimate casualties. As the allure of owning a piece of the platform overshadows caution, the industry watches with bated breath, hoping to avert another potential financial disaster.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"> Giveaway Alert: Win 100 USDT <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Participate in our exciting giveaway! <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Follow <a href="https://twitter.com/cryptonewsland?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CryptoNewsLand</a> . <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Join our Telegram <br> channel : <a href="https://t.co/DANjSIzz6f" rel="noopener noreferrer nofollow">https://t.co/DANjSIzz6f</a><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Like and Retweet this post <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Tag your 3 friends in the comments<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f5d3.png" alt="🗓" class="wp-smiley" style="height: 1em; max-height: 1em;"> Giveaway ends on Aug 29th. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3c6.png" alt="🏆" class="wp-smiley" style="height: 1em; max-height: 1em;"> Winners… <a href="https://t.co/eFMJBHv99w" rel="noopener noreferrer nofollow">pic.twitter.com/eFMJBHv99w</a></p>— Cryptonewsland (@cryptonewsland) <a href="https://twitter.com/cryptonewsland/status/1686260181628297216?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 1, 2023</a> 
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<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
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 <li><a href="https://cryptonewsland.com/dfintoch-ponzi-scheme-exit-scam-31-6m-usdt-bsc/" rel="noopener noreferrer nofollow">Exit Scam Alert: DFintoch Ponzi Scheme Vanishes with 31.6m USDT</a></li> 
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<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/friendtechs-rise-sparks-ponzi-scheme-concerns-for-retail-crypto-investors/">Friendtech’s Rise Sparks Ponzi Scheme Concerns for Retail Crypto Investors</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Friendtech’s Rise Sparks Ponzi Scheme Concerns for Retail Crypto Investors

Crypto News Land

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