The post Coinbase & Friendtech: A Warning for Retail Investors appeared first on Coinpedia Fintech News
The recent activities surrounding Coinbase and the launch of a viral social dapp, Friendtech, have raised concerns over transparency and fairness. Here’s the story that is now unfolding and what it means for the everyday investor.
Retail always loses. This is why
Coinbase insiders dumped hundreds of millions of dollars worth of $COIN. Much of this near the top, over $250 per share.
The co-founder of Coinbase, who is also founder of Paradigm, was a big part of that selling. He also bought the recent… pic.twitter.com/e14eLfoVxz
— Beanie (@beaniemaxi) August 21, 2023
Coinbase and The Co-Founder’s Smart Trade
Coinbase insiders, including the co-founder who also founded Paradigm, reportedly dumped hundreds of millions of dollars worth of $COIN, with some of it near the top, over $250 per share. This same co-founder then bought back near the all-time low. It’s a smart trade
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