Just did a bit of research on the new moon coin by Chat Gpt founder, Sam Altman and found out that they raised 115 million at a valuation of 150m from angel investors. Full details of investors can be seen here. The worrying thing is that some of the investments are by people and companies that are already bankrupt such as Sam Bankman Fried himself and Three Arrows capital.
With the looks of it, their investment has already 20x. There is no chance that they won't dump all their tokens once it is unlocked because they are in bankruptcy. I wouldn't even advice to short for now, as there is a lot of volatility and you will lose money. Just stay away and stay
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments