Floki Meme Coin Accuses Crypto Exchange Bitget of Blatantly Shilling Fake TokenFi Token and Swindling Millions in Trading Volume – What a Quackery!

Floki Meme Token Calls Out Bitget Accused of Fraudulently Listing TokenFi & Artificially Inflating Trading Volume

So, you won’t believe what’s happened in the world of meme coins! Floki, the popular meme coin, has accused Bitget of playing some sneaky games. According to Floki, Bitget went ahead and listed a fake version of the TokenFi token. Talk about deceptive trading practices!

Now, Floki had some big plans. They wanted to launch the Floki staking program, a reward token, and dive into the trillion-dollar tokenization industry. But before the launch, they asked all their exchange partners, including Bitget, to hold off on listing TokenFi until after the official launch. They even wanted to conduct a DAO vote to approve the listing. But guess what? Bitget decided to do its own thing, listing the token without permission and causing quite the stir.

Floki had quite the bone to pick with Bitget. They called out the exchange, saying it was the smallest of all the exchanges they had spoken to. Ouch! But wait, it gets even juicier. Not only did Bitget list a fake version of the TokenFi token, but they did it a whole 12 minutes before the official trading started. The nerve!

Of course, Floki wasn’t going to take this lying down. They released not one, not two, but three statements in just 24 hours, making it clear that no exchange had the authority to list TokenFi. And these warnings didn’t go unnoticed. They received around 300,000 views on Twitter. That’s some serious attention.

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But here’s the kicker. Despite all the warnings, some traders couldn’t resist the counterfeit token listed by Bitget. Within just 48 hours, the trading volume reached a staggering $50 million on their platform. Whoa, talk about people falling for a phony!

But hold on, the plot thickens. Turns out, Bitget didn’t even have a single TokenFi token in any of their wallets. Yep, you heard that right. Zero. Zilch. Nada. It’s like they were playing pretend with people’s money. It’s no wonder Floki had a bone to pick with them.

Now, Bitget had initially announced that withdrawals would open 24 hours after trading started for TokenFi. But guess what they did? They kept delaying withdrawals until they finally decided to delist the token altogether. And what reason did they give? Oh, nothing much, just some liquidity issues.

But here’s the kicker. Floki had a conversation with Bitget and found out they needed a whopping 1 billion TokenFi tokens worth around $20 million to fulfill those pesky withdrawal requests. And brace yourselves, folks. Bitget had the audacity to offer to buy those tokens from the TokenFi treasury at a 90% DISCOUNT from the market price. Can you believe it? They created a mess, and then they wanted a discount to clean it up!

It’s safe to say that Floki wasn’t impressed. They saw straight through Bitget’s irresponsibility. They were collecting funds from users without actually buying the TokenFi tokens they were paying for. Talk about shady business practices.

So, who do you think is in the right here? Is Bitget behaving like the villain in a B-grade movie, or is there more to the story? Let me know your thoughts, fellow investors!

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