Recently, a number of investors told Blue Whale Finance that the TeddyDog project side raised about 15.08 million yuan in the pre-sale stage and then smashed the market and ran away. It is worth noting that the project party once invited Cangjingkong to participate in the AMA (Ask Me Anything) to promote popularity, and at present, Cangjingkong's social account has stored a number of related rights protection comments, and Cangjingkong has no response.
On January 30, Cangjing Air posted content saying that seeing Jay Chou's phantom bear is cute and wants to make a NFT series of his own. Subsequently, the Teddy coin project side forwarded and invited Aoi Tokai to jointly develop and produce NFTs and carry out AMA. Aoi said that she could discuss it together and @project side, but she did not spell the name of the project party's social media account.
Since then, Cangjingkong has repeatedly forwarded TeddyDog-related content, saying that he is very much looking forward to participating in the AMA held by the blockchain self-media Golden Finance on the 8th, and then released the content on the 8th, saying " Thank you TeddyDog for sending me some tokens, which is also the first digital currency I have." Blue Whale Finance noted that the content has been deleted, but other content still exists.
According to public information, the Teddy coin project launched a private placement on February 6, which had a limit of 200BNB, but then its official page showed that a total of 5534BNB was raised, and the contract was 15.08 million yuan, which the project side said was too hot, resulting in problems in closing the window.
After the opening of the market on February 10, the price of Teddy coin rose from $0.0[7]863 to $0.0[5]301, a 37-fold surge, according to bscscan data showing that the number of address participants exceeded 10,000 people, and the market value exceeded $100 million. However, on February 12, the sudden huge smashing of the market instantly hollowed out the capital pool, and the price of the coin plummeted to 0.0[9]8, close to zero, and the official page could not be opened.
On February 13, the project side appeared and explained that the coin was stolen by hackers, so only one new token could be issued, and the effective users who had previously held teddy coins could map and get 1% of the new tokens every day until the same amount as teddy coins.
Since then, the project side began to promote the new Teddy coin, and replaced the address entrance in the official page with a New currency address, and the Teddy coin of the same name continued to rise, and as of press time, the coin price has reached 0.0[6]232 US dollars. But users don't seem to be buying it, and several investors in the community said that they did not receive the mapped coins and have called the police.
According to the official website, the founding team of Teddy Coin is from India, a derivative currency of Dogecoin, released the first content in June 2021, and the number of followers of the account currently exceeds 11,200.