Shiba Inu’s marketing lead, Lucie, has launched a scathing attack on centralized exchanges, criticizing their over-ambitious goals hinged on raking
Shiba Inu’s marketing lead has slammed centralized exchanges for prioritizing profit over due diligence in listing tokens.
According to Lucie, some exchanges “don’t care if a token won’t exist next year, or even in a few months,” and instead focus on listing tokens that will quickly generate trading fees.
“If there’s a high-potential token backed by a solid blockchain, they still won’t list it unless you pay them. It’s all about business now — integrity in this market is no longer part of the conversation,” Lucie said in a tweet on Monday.
She also questioned the logic behind the “payments before listing” initiatives by major exchanges, and suggested that the industry should shift its attention to promoting decentralized finance (DeFi) instead.
“Why pay for a listing? Tokens listed recently are down 30-50% from the time they hit the exchanges. We should focus on educating and spreading the word about Defi. If exchanges really cared, they would support good projects and not just chase the flavor of the week. Let’s push for real growth, not quick fixes,” Lucie added.
In a separate post, Lucie touched on the subject of the crypto market being manipulated, stating that “everyone is playing their games,” but also expressed her belief in the upcoming bull market.
“I believe in the bull market that is coming, but no exchange can pump any coins and not even Elon can pump doge,” she said in the post on Sunday.
The mention of Musk and Doge in Lucie’s statement comes amid fresh speculation over the meme coin's price decline. According to our data, Doge has struggled to maintain its $0.100 support level and has lost over 19% of its value in the past 90 days.
However, a technical analyst is suggesting that a bullish breakout is on the horizon as the meme coin nears the end of its falling wedge formation.
Musk's involvement in Doge's price movements has been well-documented over the past few years, with his tweets being credited with turning bearish sentiments bullish. Due to Musk's influence, many crypto projects have attempted to use his name or likeness to promote their assets, leading Musk to issue warnings on the matter.
“I'm not going to be promoting crypto — at most, in a joking way. If you see me pumping crypto, it’s not me. I do think there’s merit in Bitcoin, and maybe some other cryptos, and I've sort of got a soft spot for Dogecoin because I like dogs and memes,” Musk said in a statement earlier this year.
In a recent report, Musk was hauled to court by a group of investors who claimed that they were defrauded by his manipulative tweets. The court eventually dismissed the case, stating that “no reasonable investor” would make an investment decision based on those tweets.
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