Talking, of course, about the Big Eyes coin presale, which is now the biggest presale for a meme coin in crypto history. I think it's going to be a disaster tbh. I read a
breakdown of the project recently that highlighted how:
- The auditor has flagged it for being centralized (i.e., literally one of the anonymous cat people could rug pull at any time, that's in the audit they're so proud of).
- The project has ties to other massive exit scams (come on, people!)
- The whitepaper says they're going to "save the oceans" but doesn't say which charity lol
There's a bunch of other stupid shit in there that I won't get into, I'm just venting about how ridiculous this situation is. I checked out the Telegram group and it's full of fanatics, no surprise there, but I really do think a lot of them are sincere rather than being paid shills or bots.
People are going to get screwed. What do I do, laugh? Feel bad for them? This shit keeps happening over and over again, and it's increasingly obvious every time. This one is going to be a headline news event, but if you try bringing it up, the project supporters either get upset at you or at themselves. I think people are just tossing major amounts of money into this shit without even researching it at all, I DMed a nice-seeming dude in the Telegram channel and he was dumbfounded that it even might be a scam, and scared.
I don't know, man. I'm here for the tech and for the gains, but we have a looong way to go before shit like this stops happening and undermining the whole space altogether.