Machi, a figure in the cryptocurrency space, is facing scrutiny for allegedly mishandling funds related to a token project. Concerns have been raised about Machi staking a significant portion of SOL instead of adding it to liquidity pools, potentially leading to a rapid loss of value for the token. Observers criticize Machi for actions that suggest a lack of integrity, such as pegging the token price to BAYC and removing liquidity after deeming initial contributions too generous. The community expresses disappointment and frustration over Machi's actions, accusing him of draining market liquidity and causing negative impacts on the token's value.
Machi's token when he realizes that 10% of $45M to the LP was too generous and removes the liquidity. https://t.co/HxKrULpgTV
Machi's token when he realizes that 10% to the LP was too generous and removes the liquidity. https://t.co/Mtpm1NK6xZ
machi rug sucked so much liquidity out of the market mfs invented L3s
I decided to take a look at Machi's token source code. There's literally a function to peg the price of the token to the BAYC price??? This token is going directly to zero. https://t.co/nauQTM8LGm
Damn, even I didn't think Machi would rug $40m that fast. He usually let's it play out a bit longer.
Is Machi going to let this go to zero? https://t.co/CcibQsFHwm
Thereβs no way anyone thought machi would actually launch this properly and not just take all the funds into his own pockets. The guy is literally known to grift and rug.
machi staked 80% of the sol instead of adding it all to the lp? https://t.co/Zyuk3a9wHT