#Ethervista accused of hypocrisy, "dumping" on users?
Ethervista is the first platform providing memecoin issuance services on #Ethereum considered a direct competitor to Pump.fun on #Solana
On September 1, the wallet address frenulum.eth used 2.05 ETH (about 5,100 USD) to buy 52,282 VISTA, the token of the Ethervista project.
According to the mechanism, it took 5 days later, on September 6, for this amount of #VISTA tokens to be unlocked for trading.
However, after holding VISTA for about 2 days, frenulum.eth sold all the purchased VISTA, earning 276.5 ETH worth more than $700,000, equivalent to a 140x profit.
This action was strongly condemned and even criticized as "hypocritical", when the project itself announced the application of anti-#rugpull measures, one of which was a 5-day liquidity lock mechanism.