Lodi coin launched last September 20,2022. According to PH Metaverse, the price dropped to 95% in the first 10min after launch. Here is brief summary for you to understand. As well as the statements of their CEO.
Summary:
- Lodicoin announced the launch at 11 AM
- They decided to launch it at 10 AM without announcing.
- Minutes later 1 user started selling a huge amount of $LODI wiping out the $9,000 from the LP (60%).
- The wallet only left around $6,000 LP
- Small investors saw the chart causing them to panic sell
- Wiping out more than $4,000 from the LP
- The LP dropped to $1,300, then went back to $3,000 after some people buy-the-dip.
CEO response:
- "I fell sad for you guys (FIlipino), kawawa"
- "You are ignorant (not stupid) and super toxic for some reason"
- "We mention multiple times do not sell"
- "that cause people , mostly Filipinos btw, to start selling.., after we told people to don't sell"
- "US crypto people are helping the Filipino crypto people by telling don't sell" (what? )
- "we didn't rugpull"
- "we are rich why we gonna dump $9000, come on guys" (we summarized this part)
Now, for my fellow Filipinos out there who invested in this token, what are your thoughts?
