Cryptocurrency figure Machi under fire for mishandling $45M in token project

Machi, a figure in the cryptocurrency space, is facing scrutiny for allegedly mishandling funds related to a token project. Concerns have been raised about Machi staking a significant portion of SOL instead of adding it to liquidity pools, potentially leading to a rapid loss of value for the token. Observers criticize Machi for actions that suggest a lack of integrity, such as pegging the token price to BAYC and removing liquidity after deeming initial contributions too generous. The community expresses disappointment and frustration over Machi's actions, accusing him of draining market liquidity and causing negative impacts on the token's value.