Dfinity Foundation founder denies Internet Computer (ICP) “pump and dump” allegations

With the “storm” growing in excess of a quick time period of time in May, Internet Computing (ICP) suffered incredibly hefty consequences quickly right after. Of program, stories quickly broke out about the “drawing cake” trick to dominate the ICP selling price. Recently, the founder of the Dfinity Foundation came out to clarify this trouble.

Specifically, the founder, president and chief scientist of the Dfinity Foundation and the Internet Computer Project (ICP) stated that there have been a quantity of sources of misinformation that have impacted ICP’s status in the market place. fall, generating the ICP one particular of the most well known “tricks of the century” in background.

– See extra: Internet Computer (ICP) dropped 95% in just two months, a “bombshell” in the globe of cryptocurrencies

According to him, this misinformation is produced since most of the gamers want to quick ICP to make massive earnings. Not only that, ICP is also “attacked” by rivals and several well known newspapers all-around the globe just want curious consumers to click to get extra views for the newspaper.

The only purpose provided by Dominic Williams for the ICP drop was the May 19th incident that pushed Bitcoin to the $ thirty,000 selling price threshold, which led to the sudden shock of the ICP, the promote-off occurred. oh why ICP is just a newly launched token anyway.

However, to make clear the controversy surrounding the ICP staff in excess of inflated rates, which brought about neighborhood turmoil following the Williams incident, he frankly shared:

“Certainly, some players were shorting ICP, which was very disappointing for me. Neither the Dfinity Foundation nor myself did “Rug Pull”. At the same time, the Dfinity Foundation did not sell any ICPs in the first five weeks of its launch. Founders and executives were completely stuck for the first week. For my part, I have sold much less than 5% of my shares ”.

However, the previous is nonetheless previous, hiding a story that only insiders can recognize. However, the recent picture is nonetheless a brilliant spot for ICP, as the platform maintains an energetic density.

The ICP’s agenda for direct integration with the Bitcoin blockchain, along with promising network statistics, contains 500 developers at the moment constructing on the network and in excess of 250,000 every day energetic consumers of the network. Apps, Open Internet Services, DeFi, Platforms at the business degree and sites created on ICP, they have fueled the appetite of new traders.

– See extra: Internet Computer (ICP) Offers Smart Contract Capability to the Bitcoin (BTC) Network

So far, 65 individuals have acquired developer funding from a near quarter of the Dfinity Foundation’s billion dollar grant plan. The market place capitalization of ICP a short while ago surpassed $ seven billion and as of press time ICP is at the moment trading at all-around $ 43.36.

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