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KOL exposure: It is said that ATH executives and co-investors are leveraging to short and are taking opposing positions against the founder, laying out large short orders and dumping Spot.
BlockBeats news, on October 23, according to KOL Crypto Fearless, it has recently received insider information about the recent big dump of ATH from multiple parties, with a total of 2 versions: Version One: After the founder advocates a pump, a dumping occurs to open a short. The insider favourable information of “upcoming pump” is spread through surrounding investors, institutions, partners, and practitioners, leading to high-level dumping. Version Two: Internal executives of ATH, dissatisfied with the uneven distribution of profits by the founder, privately allied with investors VC to short with leveraged funds, countering the founder's collection of funds for the pump. It is said that the internal executive, along with the boss and other colleagues, held meetings, fully mastering and participating in all favourable aspects, such as the $350 million DAT financing. During the process of pumping to the highest point, they placed large short orders, cooperating with Spot chips to dump, ultimately leading to a big dump that harvested the community. In addition, the team also utilized well-known whistleblowers such as Crypto World Encyclopedia to leak detailed information and many favourable actions of the company's daily meetings, creating a public opinion for shorting through the exposure of the bloggers.