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| Name | FTX Rug Pulled ICP - Deep Dive into the ICP Token Launch |
| Video Uploader | Video From 6figs |
| Upload Date | This Video Uploaded At 18-04-2022 15:21:16 |
| Video Discription | This is not financial or trading advice, do your own research. Scammers Are in the Comments, I will never contact you asking for money. 6figs ICP content is sponsored through a community grant via Dfinity Silly Accusations of a Rug Pull - Deep Dive into the ICP Token Launch Series of events: -May 4th, 2021 - Coinbase Announces they will list ICP May 10th, 2021 -May 6th, 2021 - FTX starts allowing futures trading on ICP (Even though ICP token doesn't launch until May 10th, 2021). Over the course of 4 days, FTX futures traders effectively drive the price of ICP to unsustainable levels. All before retail investors get a chance to buy in. -May 10th, 2021 - Binance announces they will list ICP token, 1 hour before ICP launches. -May 10th, 2021- ICP token launches, and FTX futures traders short the market. -May 12th, 2021 - Crypto market crashes due to Elon Musk tweet -May 10th, 2021 - to May 19th, 2021 - Bitcoin retraces 49.58% in just 19 days. -July 20th, 2021 - After a 71 day bear market, Bitcoin finally reverses. Conclusion: Coinbase, and FTX & the FTX futures traders pumped the price of ICP before it was available to retail investors. In addition, the crypto market started collapsing the same day ICP launched, and the crash was accelerated by Elon Musk tweets. In the end, most people only see the start of Tradingview ICP chart data on 5/11/21. They fail to realize that futures data exists prior to the launch from 5/6/21 to 5/10/21 which is omitted from the ICP Tradingview charts. This is not financial or trading advice, do your own research. Scammers Are in the Comments, I will never contact you asking for money. Consider supporting the channel and becoming a patreon for $3 a month https://www.patreon.com/6figurestocktrading?fan_landing=true 6figs has received a grant from Dfinity to help build the ICP community |
| Category | Entertainment |
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