Rugs and fraud gain retail trust, what to know

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The Ethereum ecosystem on the chain has recently been shocked by a wave of fraud and a carpet, creating a period that many describe as many Blood Bath. While Blockchain Eth technology remains solid and secure, the number of malicious projects and misleading programs reflect on the trust of retail investors.

Is Ethereum still the home of DEFI innovation?

Ethereum on the chain was harassed by fraud and rugs, which results in significant finances losses And more importantly, a decrease in trust in retail investors. An analyst known as fat tony na x ma expressed Deep frustration that Booe did not get much support from his own Ethereum community, perhaps because of the wave of malicious activities on the Eth ecosystem.

He emphasized the book of Ethereum (Booe) as an example of a project that personifies what ETH is to mean and distinguishes itself through several key features. No paid fools, because the project was not involved in paid cryptocurrencies for promotion, which is a common tactics used by dishonest projects to pump your tokens.

Thanks to the resistant community, Booe built the basis for a powerful and ecological community, a design sign with real, bottom -up support. A generous team that praises his generosity and ethical approach is in a clear contrast with the greed of cheaters.

In addition, Tony notes that numerous thunderous Founders of ETH And the accounts interact with the project, which in his opinion is expected at the moment. In this way, it encourages the ETH community to support Booe, which really stands For something and move away from the speculative way of thinking maximum extraction with a zero vision.

How the ETH ecosystem must fight

While fraud and rugs erod the retail trust, the Sassal0x investor, the founder of Theeilygwei, also has revealed Acute criticism of the Ethereum chains, accusing them of engaging in a desperate strategy of law in order to suppress the development of ETH Layer 2 solutions. In his opinion, this is not a sign of strength, but a clear acceptance of weakness.

According to sassal0x, the overwhelming admission of ETH L2S shows their superiority in free marketThe reality that left competitors without a profitable path to question the dominance of ETH.

. analyst He notes that this recent, insidious strategy appears after a long period of unsuccessful FUD (fear, uncertainty and doubts). Since disinformation turned out to be ineffective in slowing down L2, competitors are now resorting to the apply of national state rule to kill the competition.

As a result, Sassal0x ends with a powerful call to act for the Ethereum community. Instead of being compulsory, the ETH ecosystem must fight as much as possible.

ETH trade for 4000 USD on the 1D chart Source: Ethusdt on Tradingview.com

A distinguished picture from Adobe, chart from TradingView.com

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