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Market news: Aethir's certain executive and investor VC leveraged shorting, countering the founder's fundraising pump with dumping to play people for suckers in the community.
According to Mars Finance, crypto KOL Crypto Fearless revealed that there are two versions regarding the cause of the ATH big dump event: The first version states that after the founder of Aethir advocated, they dumped and shorted. The second version suggests that senior executives within Aethir, dissatisfied with the unequal distribution of profits by the founder, teamed up with investor VCs to leverage shorting, acting as counterparty to the founder's fundraising for pumping. These internal executives held daily meetings with the boss and other colleagues, fully grasping and participating in all favorable aspects, and during the process of pumping to the highest point, they placed large short orders, coordinating with spot chips to dump, ultimately leading to a big dump that harvested the community. Additionally, the team also utilized well-known leak bloggers, such as Crypto World Encyclopedia, to leak company-level details and many favorable actions, creating public opinion for shorting through the exposure of bloggers. Regardless of which version of the ATH big dump cause is true, it has severely harvested the community.