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I will STOP USING Meteora if they’re actually getting exposed by Zach
But honestly I can’t imagine it
People remember Libra and think it was Meteora
Here’s why I don’t think so:
If we look back at Libra it wasn’t classic insider trading from Meteora’s side
Ben supported Kelsier with “technical support” (whatever it means)
After Kelsier sniped their own token, they used Meteora’s DLMM pools to add one-sided liquidity, depositing only LIBRA while withdrawing SOL or USD equivalents.
This avoided direct market sells (which would have crashed the price immediately) and instead let retail buy pressure absorb the dumps indirectly
What I’m struggling to see is how Meteora could use its platform for insider trading beyond simply having more information ???
I’m not close with @MeteoraAG at all, but in the few conversations I’ve had with @0xSoju, he always was someone who would turn the whole company upside down to find any potential bad actors
And I think he did that after Libra...
What are the odds you crash the company you took over after an “insider scandal” just to do the same thing again lol
Honestly they also make enough money already... it's not like we had any billion dollar launches this year where you could make millions with insider information
And why would Zach dig up some old story that we already know?
Maybe I’m naive, but I have a strong feeling CT is overhyping this and the outcome won’t even involve the very big names