Floki Protocol and Bitget Exchange Accuse Each Other of Market Manipulation Over TokenFi Listing and Delisting

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Cointime2023/10/31 23:03

By:Cointime

The Floki protocol and Bitget crypto exchange have accused each other of market manipulation regarding the listing and delisting of Floki's TokenFi (TOKEN). The Floki team claims that Bitget listed the token before its launch, while Bitget claims that the Floki team was controlling the initial liquidity in a malicious manner. The Floki team submitted a proposal to launch a staking program with a reward token to the Floki decentralized autonomous organization (DAO) and was in talks with centralized exchanges to list TokenFi. Unfortunately, it is unclear what the initial liquidity of TOKEN was at the time of publication, and previous token launches have resulted in significant losses for investors.

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