Prince

What happened to $BRUH? How much did the Team and influencers dump on the chart where the Defi community was the exit liquidity... Before that, I wanted to explain the situation in a few words. I have recently observed a group of influencers, supporting a new farm every 3 days. They bundle the launch and slowly sell the supply while shilling it on X and Telegram. People get shilled to, they buy, and they get dumped on. This drains liquidity from the space and into the pockets of a very small group of people, who are incentivised to continue doing so because we as a community have accepted that they'll do it and we don't do anything about it. You can see the same pattern across multiple projects. I thought that DeFi degens were mature and the ones we look up to to protect the space, are the ones involved in these co-ordinated farms. So, the total profit on $BRUH for the Team + KOL wallets amounts to 328 ETH. There was also an additional 5.8% supply sent to CEXes, which was probably dumped on people buying on @MEXC_Official and @Poloniex. Those wallets still control 58% of the supply. We are proving as a community this is beyond our control and that Crypto needs to be regulated so some people are held accountable. ✊ As an immediate measure, Centralised exchanges need to check supply and reject projects with bundled supply. As for the influencers, they know what they did. Shame them. If anyone needs proof of the wallets and ETH, you'll find it on my Telegram channel. #BRUH