Allegations of Misconduct - Figma's CEO allegedly manipulated the company's IPO for insider benefit [1] - The alleged manipulation aimed to allow insiders to secure better entry points [1] Token Distribution and Vesting - Early employees allegedly received 60% of the token supply [1] - There was allegedly no lockup or vesting period for these tokens/shares [1] Market Manipulation Claims - KOLs (Key Opinion Leaders) were allegedly enlisted to promote the launch positively [1] - The company allegedly dumped on retail investors after a 5x increase [1] IPO Concerns - IPOs are characterized as potentially being similar to "bundled launchpad shitters" [1] - Figma considered a higher IPO price but the CEO opted for $33 per share to include specific long-term institutional shareholders [1]
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IcoBeast.eth๐ฆ๐ยท2025-08-04 21:51