One of the well known crypto channel blogger, Tyler Swope (known as Chico Crypto) claims facts against CEOs of Binance and Tron Foundation involved with possible market manipulation.( Video embedded below) Chico claims the CEOs of t TRX and BNB coins pumped their coins with preferred BTT ICO (BTT is BitTorrent token made by Tron Foundation about their BitTorrent users).
Will BTT ICO project is the next one pump and dump scheme or not ?
Thoughts :
- First of all, the BTT token was being sold for either BNB and TRX .
- Only 962 investors were able to participate in the pre-sale of BTT.
- A lot of users have had issues with the website during pre-sale. The submit button did not appear to work irrespective of the times users tried to submit . (Full Disclosure – I one of them and wanted to get involved with the coin in pre-sale ).
Let’s take a look at the chart above, before pre-sale and after that of the BNB. We see a nice move the upside 4-5 days ago and the rekt with 15% to the downside on the 4H graph( similar trend was seen with TRX). People who were interested participating in the pre-sale bought BNB and TRX before BTT pre-sale for participation. Since the Submit button did not work or was disabled people people ended up loosing money as the price action dropped significantly.
Final Conclusion:
The video maker know as ‘The Sherlock Holmes of cryptocurrency’ claims that the idea behind BTT ICO is that, Tron had run out of money because it would be easier to use TRX an incentive for BitTorrent users, but he decided to release a new coin about that. This makes absolute sense for me ,myself with millions others a victim of their manipulation!
Binance will make one more pre-sale on 02/25/2019 of Fetch.Al ICO and I hope people will not be cheated again!
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