Machi, a controversial figure in the crypto world, rug pulled $40 million quickly, surprising many. Despite being known for significant losses, Machi recoups through institutional scale scams since 2017. Sending money to Machi is criticized, with some calling it a foolish move. Machi's actions impact the crypto community, with some highlighting the importance of base memecoins and Bitcoin eco in the current cycle.
I still can’t believe how many of you gave your money to Machi 🤣
Machi's token when he realizes that 10% of $45M to the LP was too generous and removes the liquidity. https://t.co/HxKrULpgTV
Couldn’t track too much today But anyone who sent money to Machi is ofc a turbo clown Base memecoins actually have traction. Gotta admit it. Centralized as it is And ultimately the Bitcoin eco is the way to go for this cycle. No changes there & rest is distraction