In a sad event, Eugene Shen, co-founder of the Rwa Plume project, is said to have died this week. However, this announcement caused a major panache token dumping ground, dividing the community with acrimonia accusations.
Some skeptics wondered if Plume was a scam or if this advertisement of death was a kind of hoax. Others deplored these accusations and discharges of tokens, professing support for the company. Anyway, it was a bizarre market reaction to an unfortunate and tragic event.
Massive panache token discharges
Plume, a Blockchain Integration Blockchain of RWA, drew considerable attention since Yzi Labs invested in March. During the last week, the company’s panache asset fell 18% and users began to report a token dumping today.
The company announced the death of the co-founder of the Panache Eugene Shen, probably establishing a reason for this price action:
The pen announcement did not specify a date or cause of Shen’s death, but it took place last week. However, this immediately clarified the panache token dumping ground for certain users, many of whom have strongly condemned the behavior of investors.
Although Plume has already dropped for several days, it has experienced an additional accident of 7.4% and an increase of 145% in the negotiation volume today. Presumably, the death of Shen caused today’s prices actions.
However, other stories have also started to circulate, even if they remained a minority position. Why did the drop in prices started a few days ago?
It seems that several tokens holders call a pen of a scam token and the death of the co-founder a hoax. However, these claims have no evidence and show a fairly disturbing demonstration of public empathy.
Even if it was not a popular position, this discordant cynicism has always shocked the cryptographic community. Of course, cryptographic scams are endemic right now, but is it really pluche someone’s death to empty the tokens?
The defenders immediately started to note all the main pen investors, saying that the company has a clear history and a market presence.
This bizarre incident highlights only a ugly rather hidden in the cryptographic community. Perhaps the fall of Mantra has damaged investors’ confidence for the entire RWA market, or perhaps users tire of scams.
It is already quite serious that the users of panache threw their tokens after the death of a member of the team, but it is much more worrying than some people think it is a scam.
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