{"id":15542,"date":"2024-07-25T13:56:21","date_gmt":"2024-07-25T10:56:21","guid":{"rendered":"https:\/\/forklog.com\/en\/mystiko-denies-insider-trading-allegations\/"},"modified":"2024-07-25T13:56:21","modified_gmt":"2024-07-25T10:56:21","slug":"mystiko-denies-insider-trading-allegations","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mystiko-denies-insider-trading-allegations\/","title":{"rendered":"Mystiko Denies Insider Trading Allegations"},"content":{"rendered":"<p>The Mystiko Network community has accused the Web3 project team of &#8220;large-scale insider trading&#8221; during the second airdrop, as reported by journalist Colin Wu.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">According to community, Mystiko Network is suspected of a large amount of insider trading in the 2nd Airdrop. The official Mystiko-Vault Community Incentives: 0xBc\u202625d6 distributed 20 million XZK to 1,487 newly created addresses through the Multisender app at 16:22 UTC on July\u2026<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1816364887318356408?ref_src=twsrc%5Etfw\">July 25, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The distribution of 20 million XZK tokens through the Multisender app to 1,487 addresses opened on July 5 raised suspicions. Typically, these new wallets received, in addition to project coins, gas fees from OKX or Bybit.<\/p>\n<p>Moreover, the amount of the airdrop received by these addresses was greater than that of regular users.<\/p>\n<p>Mystiko developers dismissed the accusations as &#8220;baseless.&#8221; They noted that the token distribution was allocated &#8220;for the most important use: network usage,&#8221; as confirmed by blockchain data.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">In the light of baseless accusations that can only convince the uninitiated, we feel obligated to respond with the most transparent way: for good or for bad, the Blockchain is a very useful tool, and 1&#8242; search can prove this claim unsubstantiated.<\/p>\n<p>As any project that respects\u2026<\/p>\n<p>\u2014 Mystiko.Network (@MystikoNetwork) <a href=\"https:\/\/twitter.com\/MystikoNetwork\/status\/1816391644889174348?ref_src=twsrc%5Etfw\">July 25, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Our investigation confirmed the existence of the addresses in question and their transaction history. These wallets appear to meet the criteria set for early ecosystem participants with numerous on-chain transactions,&#8221; <a href=\"https:\/\/x.com\/MystikoNetwork\/status\/1816382369995366427\">stated<\/a> the team.<\/p>\n<\/blockquote>\n<p>The price of XZK has fallen nearly 11% in the past 24 hours, with a 54.5% drop over 30 days. The asset is trading near $0.04, with a market capitalization of $35.1 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Mystiko-Price-XZK-Live-Price-Chart-Market-Cap-News-Today-CoinGecko-Google-Chrome.webp\" alt=\"Mystiko-Price-XZK-Live-Price-Chart-Market-Cap-News-Today-CoinGecko-Google-Chrome\" class=\"wp-image-237763\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/mystiko\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>Back in December 2023, Colin Wu suspected the Hooked Protocol team of insider trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Mystiko Network community has accused the Web3 project team of &#8220;large-scale insider trading&#8221; during the second airdrop, as reported by journalist Colin Wu. According to community, Mystiko Network is suspected of a large amount of insider trading in the 2nd Airdrop. The official Mystiko-Vault Community Incentives: 0xBc\u202625d6 distributed 20 million XZK to 1,487 newly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1158,1267],"class_list":["post-15542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-airdrops","tag-cryptocurrency-trading"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15542"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15541"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}