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MegaETH's public offering seems to have sparked controversy in the English-speaking community. Skeptics argue that the team previously raised $20 million from the community through the Fluffle NFT sale, and later raised another $10 million through the Echo sale.
Now, they're selling back 5% of the tokens they bought from VCs to the community at a five-fold inflated valuation! Ultimately, they're raising another $50 million.
aadvark
@aadvark89
MegaETH should rebrand their chain to MegaEXTRACT
after successfully extracting $20M from their Fluffle NFT sale (see quote tweet) and $10M from Echo raise, MegaGrift team is at it again, this time with an even bigger extraction of $50M
personally i'll be staying away from this x.com/aadvark89/stat…
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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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