A manipulative coin legalizing binance's fraudulent tactics... #FDUSD
Whenever any project was to be launched in #launchpool, the price of $FDUSD will immediately rise to a higher level then counterpart $USDC or #USDT . In anticipation of staking rewards in #Launchpoolrewards . Now within day after staking the price of #FDUSD falls to a quite low level as compared to other couterparts i.e. #usdt , #usdc etc.
Below a picture depicting #FDUSD/USDT, relation
Currently #aevo launchpad over 1.8B+ $FDUSD are staked which was valued at $1.0021 over #usdt on 08/03/24.
Lets take an example: that all usdt's were exchanged to fdusd, then.. alone at the time of conversion to fdusd around 380000$ were made by causing this sudden rise.
Now currently the $fdusd is under valued as compared to #usdt at 0.9981$, now again lets assume all 1.8B+ #fdusd were to be converted to #usdt there'll be a loss of around 350000$ among stakers.... and whoever caused this rise and dip will be profiteer.. i.e. @Binance
