Topic: Oyster Pearl is a SCAM - I was wrong. Insider trading part 2. (Read 107 times)
I never have posted on forums, only read them. These recent events made me sign up to share my experience with PRL and hopefully warn others.
If what you are saying is true this is a big red flag for the project. What makes me suspicious though is that this two posts are coming from a Newbie account and a Brand New account which seems to have been made just to do this post.
This is all very true. Also was a long term PRL holder and gave benefit of the doubt on airdrop/inside trading debacle. 700k were moved from dev wallet to kucoin and sold off the day before they announced airdrop delay, knowing it would result in a huge sell off = inside trading.
Fast forward past that nonsense to main net, supposedly being released April 30 (or sooner.) Everytime price got to 9500sat devs would dump and price would go back to 8k. Rinse and repeat for a week straight, profiting off people buying for main net.
Week of main net release one more big sell off the night before they announced main net is delayed for a month. I'm completely out of PRL and suggest you DYOR before putting your hard earned money into this.
Oh and the admins in telegram are ego-tripping little shits who ban people the second they bring any of this to peoples attention. No wonder Bruno is anonymous.
take a look at the charts if you don't believe me and follow the trail.
Fast forward past that nonsense to main net, supposedly being released April 30 (or sooner.) Everytime price got to 9500sat devs would dump and price would go back to 8k. Rinse and repeat for a week straight, profiting off people buying for main net.
Week of main net release one more big sell off the night before they announced main net is delayed for a month. I'm completely out of PRL and suggest you DYOR before putting your hard earned money into this.
Oh and the admins in telegram are ego-tripping little shits who ban people the second they bring any of this to peoples attention. No wonder Bruno is anonymous.
take a look at the charts if you don't believe me and follow the trail.
Where do I start?
After investing in Oyster, right after the ICO - I believed I found a winner. On paper, the idea is great, and at the time the team were very active and helpful in answering all the questions I had. However, later on, the relationship between myself and the team broke down after many disagreements. I was still an ardent supporter of the Oyster project.
Since then, two things have happened that have made me realise this project is quite obviously a scam - insider trading, over promising and under delivering.
Not long ago, the Oyster team were caught selling off 700k PRL just before announcing the delay of the airdrop they had planned. People were angry, and I defended the team - you can check my post history. I gave them the benefit of the doubt, and was fighting fud because this was a project I believed in.
Fast forward to today. So as the market was recovering, for some reason, Oyster was not. at face value I thought nothing of it - just the irrational market and that the Oyster mainnet that was supposed to be released at the end of April, would make people start buying and thus increasing the price of Oyster.
This did not happen. Today the Oyster team have announced a delay to the mainnet, now scheduling it for May 29th - all the while, they have been promising people in the telegram the mainnet will be released by the end of the month.
Now given the past, i can't help to think that the reason why Oyster was not increasing in price whilst the whole market was, was because the team were selling off - knowing that the delay would cause a drop in price.
As the anonymous CEO bruno would say "we are not bitconnect" - well you're increasingly becoming like them.
P.S. as an original investor and PRL whale - stay away from this project. Don't take my word for it, do your own research and you will see.
Good luck, Jullz
After investing in Oyster, right after the ICO - I believed I found a winner. On paper, the idea is great, and at the time the team were very active and helpful in answering all the questions I had. However, later on, the relationship between myself and the team broke down after many disagreements. I was still an ardent supporter of the Oyster project.
Since then, two things have happened that have made me realise this project is quite obviously a scam - insider trading, over promising and under delivering.
Not long ago, the Oyster team were caught selling off 700k PRL just before announcing the delay of the airdrop they had planned. People were angry, and I defended the team - you can check my post history. I gave them the benefit of the doubt, and was fighting fud because this was a project I believed in.
Fast forward to today. So as the market was recovering, for some reason, Oyster was not. at face value I thought nothing of it - just the irrational market and that the Oyster mainnet that was supposed to be released at the end of April, would make people start buying and thus increasing the price of Oyster.
This did not happen. Today the Oyster team have announced a delay to the mainnet, now scheduling it for May 29th - all the while, they have been promising people in the telegram the mainnet will be released by the end of the month.
Now given the past, i can't help to think that the reason why Oyster was not increasing in price whilst the whole market was, was because the team were selling off - knowing that the delay would cause a drop in price.
As the anonymous CEO bruno would say "we are not bitconnect" - well you're increasingly becoming like them.
P.S. as an original investor and PRL whale - stay away from this project. Don't take my word for it, do your own research and you will see.
Good luck, Jullz
Jump to: