that was an accusation leveled by bitter crypto dipshits, and everyone just took them at their word? maybe the price just tanked because it's a fucking memecoin and crypto is inherently unstable

not saying this to defend her - I despise anyone who would launch a cryptocurrency for any reason and I curse her and her family to ill fortune for 1000 years - but it would actually be way cooler if she did scam these losers (which is why I don't think it happened)

anyway this is the least consequential thing ever and I'm sorry for posting about it but it kind of bothers me that most people just went along with the crypto-bro narrative

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[–] REgon@hexbear.net 15 points 6 days ago* (last edited 6 days ago) (1 children)

I still don't understand why a rugpull is seen as bad. Like isn't the whole point of this to make money? You got mad that a person sold their assets while they believed they would get the most value out of it? Weren't you planning to do the same?
It's like going to a casino and then getting mad when I lose all my money at the roulette table

[–] Tommasi@hexbear.net 7 points 6 days ago

It's not that the initial owners are supposed to hold their coins because they're honorable or anything like that, it's that their accounts get restricted so they can't sell usually for at least a year or two, which was what was supposed to happen with the hawk tuah coins too. These types of rug pulls are seen as scams because you secretly give away or sell coins pre-launch which does not have those restrictions while regular buyers are kept ignorant. It's probably illegal, but because crypto is a scammers parardise it happens constantly.