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A Shiba Inu executive, Lucie, has argued that no crypto exchange can pump coins, and Elon Musk cannot pump Dogecoin (DOGE).  Lucie further criticized crypto exchanges for disregarding investors’ safety by listing tokens that could disappear in a month.  Shiba Inu’s marketing lead, Lucie, has launched a scathing attack on centralized exchanges, criticizing their over-ambitious goals hinged on raking in profit rather than subjecting tokens to rigorous scrutiny.  According to Lucie, some exchanges fail to embark on due diligence as their priority is not bordered around the safety of investors, listing tokens that have the potential to crash or disappear in a month or a year. Per her observation, these platforms usually ignore high-potential tokens backed by solid blockchains. Ugly truthSome exchanges don’t care if a token won’t exist next year, or even in a few months. If there’s a high-potential token backed by a solid blockchain, they still won’t list it unless you pay them. It’s all about business now—integrity in this market is no longer part…— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) September 16, 2024 On top of that, Lucie questioned the rationale behind the “payments before listing” initiatives perpetrated by these renowned exchanges. To her, it is more prudent to promote Decentralized Finance (DeFi) since exchanges do not care.  Why pay for a listing? Tokens listed recently are down 30-50% from the time they hit the exchanges. We should focus on educating and spreading the word about DeFi. If exchanges really cared, they would support good projects and not just chase the flavor of the week. Let’s push for real growth, not quick fixes. Lucie Speaks on the Bull Market In a separate post, Lucie admitted that the crypto market has been subjected to unhealthy manipulation with “everyone playing their games.” Regardless, she also admitted that she believes in the upcoming bull…

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Filed under: News - @ September 18, 2024 4:20 pm