Cryptocurrency figure Machi under scrutiny for rug-pulling $40m, staking SOL, and $BOBAOPPA involvement

Machi, a figure in the cryptocurrency community, is facing accusations of mishandling funds and manipulating token prices. Concerns have been raised about Machi staking a large percentage of SOL instead of adding it to liquidity pools. There are suspicions that Machi may have rug-pulled $40 million, leading to doubts about the token's future value. Observers have noted questionable practices in Machi's token source code, such as a function to peg the token price to another asset, potentially causing the token to plummet in value. Additionally, Machi has been criticized for removing liquidity from the token, further fueling skepticism about the project's integrity.