alon been a scammer since day one. I still don’t understand why we moved an OG coin to rapefun
We counted everyone's existing positions from day one so that nobody had to sell their conviction bags in order to get ahead. However, the market took a turn for the worse, which meant this condition worked against those who didn’t focus on maximally profit-taking and focused on holding great coins.
Most squads carried those bags through the downturn which led to some of the biggest community token holders having the biggest swings in negative uPNL. As a result, most of the podium went to squads that took profit more aggressively and weren’t as exposed to violent market swings within the 2 week window.
Unfortunately, the team that was in third place at the time the competition ended lost their final ranking due to numerous cases of manipulated PNL on illiquid tokens which their members were trading. When the PNLs in question were removed, their remaining PNL wasn’t enough to maintain their third place position.
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