- Bitget announced the delisting of TOKEN, accusing Floki of market manipulation.
- In response, Floki accused Bitget of violating its agreement by listing fake TOKEN prior to the launch.
- Floki also questioned Bitget for trading TOKEN before the launch of the actual TOKEN.
On Halloween eve of 2023, the cross-chain cryptocurrency Floki and the exchange Bitget faced off, accusing each other of market manipulation. While Biget delisted Floki’s sister token, TokenFi (TOKEN), alleging Floki of market manipulation, the team behind the memecoin retaliated, claiming that the exchange’s TOKEN listing was “fake.”
In a blog post dated October 31, Biget announced the delisting of TokenFi in the Innovation Zone of the Spot market, suspecting Floki of “market manipulation by maliciously controlling the initial liquidity.”
The exchange further elaborated on their suspicions, arguing that significant fluctuations were noticed in the token’s price after Bitget began its trading services. Reportedly, the platform also identified potential issues such as an opaque token economy and an unclear vesting schedule.
In response to the allegations, Floki retaliated w…
The post Floki and Bitget Accuse Each Other of Market Manipulation: Report appeared first on Coin Edition.