Accusation
Crypto KOL Mac (@MacnBTC) accused the Launchpad project Ape Terminal of deceiving all IDO projects launched on the platform and claiming ownership of all winning wallets on Launchpad, while also charging a 25% fee.
Mac stated that they had previously introduced Ape Terminal to the Bitcoin Layer 2 project SatoshiVM, but they discovered that Ape Terminal could not be trusted and believed that the platform would not conduct fair sales. Mac also accused Ape Terminal of earning millions of funds through the sale of winning wallets, even though they refunded all SAVM tokens to the SatoshiVM team.
Response from Ape Terminal
Ape Terminal responded by stating that Mac’s claims were rumors and claimed that SatoshiVM was a project founded by Mac, allowing a KOL to profit from their own community by gaining millions in profits.
Ape Terminal clarified that they did not earn any fees from the sale of SAVM tokens and instead refunded all fees to Mac. The platform also accused Mac of holding a large amount of unlocked SAVM tokens and “targeting liquidity and distributing tokens to their friends.” Ape Terminal also provided relevant data regarding Mac’s liquidation on SAVM.
Following the spread of this FUD, SAVM tokens experienced a nearly 40% drop within two hours. As of the time of this article’s publication, the SAVM price is approximately $7.2.
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