SatoshiVM accuses Ape Terminal of favoring Ape Terminal

‘Initial DEX Offering’ (IDO) launchpad Ape Terminal has been accused by an advisor to the SatoshiVM (SAVM) project of scamming “all of the IDO launches on their platform.”

The claim was made on X (formerly Twitter) by ‘MacnBTC,’ who also alleged that Ape Terminal directed rewards to wallets associated with the team and is making “millions selling the winner wallets.”

Other X users also attempted to analyze the distribution of rewards associated with the SAVM project and highlighted that proceeds were distributed to only 10 wallets instead of the 100 that were originally advertised.

This analysis tied several of these wallets to activities linked to the Ape Terminal team and to DAO Maker, the last product of Hatu Sheikh.

Other projects that have launched on Ape Terminal have claimed that Hatu Sheikh is also the founder of Ape Terminal. Supporting this thesis is the fact that Hatu is one of only two X accounts associated with individuals that Ape Terminal follows on the platform. 

Hatu Sheikh is one of two accounts associated with individuals that Ape Terminal follows on X. 

Ape Terminal has responded to some of these accusations, claiming that ‘MacnBTC’ is more of a founder than an advisor, that SAVM was selling significant quantities of the token, that the sale was modified while in progress at the request of MacnBTC, and further claimed it had returned the fee. 

Read more: ‘Satoshi’ X account tweets for first time in months, community notes shuts it down

However, the communications from Ape Terminal seem to have other serious problems, including claims that it could explain the strangeness in winner wallets as a bug that tricked the point system; however, the listed page in the document provides no ‘proof’ of this bug.

ZachXBT, an independent Cryptocurrency analyst who works on highlighting grifts, scams, and frauds, took to X to state, “both Ape Terminal and Mac are guilty of acting dishonestly toward their users/followers.” 

Got a tip? Send us an email or ProtonMail. For more informed news, follow us on X, Instagram, Bluesky, and Google News, or subscribe to our YouTube channel.

Comments

Post a Comment

Popular posts from this blog

STX Hits 52-Week High! Ascending Channel Points to Bullish Trajectory

Image
Stacks (STX) soars 8.74% in 24 hours, hitting a 52-week high at $2.06, riding the crypto wave. STX’s rise is attributed to Bitcoin optimism and its role as a layer 2 solution. Technical analysis points to a bullish trend, aiming for $2.6, but watch out for potential corrections at $1.6. Stacks (STX) has continued its upward trajectory, with its price recently reaching a 52-week high of $2.06, marking an 8.74% increase in just 24 hours. This surge is part of a broader trend that has seen the cryptocurrency gain 749% over the past year. Market analysts attribute this impressive performance partly to the growing optimism surrounding the potential approval of a spot Bitcoin ETF, which could further galvanize the cryptocurrency sector. STX/USD 24-hour price chart (source: CoinStats ) During the bull rally, STX’s market capitalization and 24-hour trading volume surged 9.45% and 24.95%, to $2,852,664,529 and $715,025,179, respectively.  Stacks as a Bitc
Read more

XAI tanks by 20% after airdrop and Binance listing

Image
The layer-3 gaming token fell by more than 20% after an airdrop and Binance listing on Jan. 9. According to CoinGecko, the layer-3 gaming token Xai has fallen by more than 22% in 24 hour trading. The current price of the token is $0.5231. X rate fell sharply just a day after reaching an all-time high on Jan. 9, in which the price of the coin was $0.7734. Source: CoinGecko The token price collapse occurred shortly after Xai held its first major gaming token airdrop in 2024. According to the Xai Foundation, it offered 125 million XAI tokens (or 5% of the total token supply) to eligible users, including holders of certain Xai NFTs and those operating gatekeeper nodes or validators that help support the network. Dear Xai Community, As we approach the XAI token claim, it's crucial to stay vigilant against potential scams. Please carefully read and follow these guidelines: Official Contract CLAIM Address: The ONLY legitimate $XAI airdrop claim contract address is… — XAI (@X
Read more

Bitcoin Price Prediction: MicroStrategy Boosts BTC Ownership To 1% Of Supply As This Eco-Friendly Alternative Soars Towards $7 Million

Image
The Bitcoin price gained slightly in the last 24 hours to trade at $63,857.08 as of 9:05 a.m. EST as investors tentatively accumulate the crypto. During BTC’s 12% correction over the past 7 days, MicroStrategy bought another 9,245 bitcoins for $623 million in cash between Mar. 11 and Mar. 18, according to a Mar. 19 statement . Following this latest purchase, the company’s total BTC holdings stand at 214,246 BTC, which is more than 1% of the crypto’s total supply of 21 million coins. The Bitcoin Price Bounces Off Of A Key Support 4-hour chart for BTC/USDT (Source: TradingView ) The Bitcoin price rebounded off of the $61,481.65 support level in the last 12 hours. Should bulls continue to push the market leader’s price higher, it may attempt to reclaim a position above $65,847.29 in the coming 48 hours. A 4-hour candle close higher than this significant price point could then give BTC the foundation needed to keep climbing. In this more bullish scenario, the crypto may try to fli
Read more