I am going to stop using freebitco.in today and if i can i will withdraw all of my money (because it's locked) I have been using freebitco.in for about 5 years. I have more than million fun coin locked on freebitco.in. why i will withdraw all of my money and never gonna use this website again; here is why;
As you know last 24 hours fun price rocket to %150. 5 minutes ago %20 drop happened, and i realised that this is not possible if someone not selling huge amount of FUN. so i have checked freebitco.in FUN coin wallet (which is
https://etherscan.io/token/0x419d0d8bdd9af5e606ae2232ed285aff190e711b?a=0x99e2ae3dd7fdb5684950176551911d19d55dfcab) then i saw that freebitco.in admin transfered and sold 278,168,638.08434253 FUN COİN (IT'S 2.5 M DOLAR!!) 20 minute ago on uniswap
I have 5 family members who have really good amount FUN locked of freebitco.in (i have also more than 3 friends to refer freebitco.in) i will tell all and gonna withdraw all of our money. because it's bullshit!
in this case there is 2 possibilities;
1)Good Chance Fun coin will drop and freebitco.in admin earn money from our locked coins (maybe he already knew that it will gonna drop?)
2) Bad Change: Fun coin will rise and freebitco.in admin won't be able to pay our money because in this case he will be lost our coins.
I've been doing some research on the wallet you shared, and from what I've seen so far, I have no reason to doubt your claim, so, if the wallet truely belongs to FreeBitco team, then I guess what they did is wrong, such a sale is huge and one they would have made open to their community of holders before engaging, but again, I still accuses them of anything yet.
Probably, the sold fun tokens Is from their marketing allocation, or possibly fun tokens belonging to the team which I believe they are or have the liberty to sell it at any time they deem it fit or want to, depending on what their terms and conditions states in this regard.
And another speculation could be, since they initially announced that the token will be listing in upbit, maybe they sold this in other to afford and pay the listing fees..
The team definitely owe their community an explanation, to avoid distrust.