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To summarize, the Houston incident involving the FOMO platform was likely a case of insider trading where FOMO itself issued and pumped up the price of its own token to generate hype for its own website listing. The fact that CA opened exactly 15 minutes before the tweet confirms the insider trading. For FOMO, it was a win-win situation: they made money and gained exposure.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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