NewsletterDeFi 2020 Exit Scam? SushiSwap Creator Sells 100% Of His Sushi Tokens
The pseudo-anonymous founder of SushiSwap [SUSHI] sold all his Sushi tokens, followed by a series of reassuring tweets for his followers saying, “People asked if I exited scam. I did not. I am still here,” and that him selling the tokens “merely affected the overall price.”
SushiSwap is a fork of UniSwap, which brought the SUSHI token. In this DeFi chapter, UniSwap has gained a lot of popularity in terms of its success as a DeFi protocol for swapping tokens on Ethereum.
Sushi is sold out!
Sushi token founder, who goes by the name Chef Nomi on Twitter, swapped his SUSHI for Ethereum [ETH]. He said this move was for the community and that it was more important for him to focus on the “technical part” of the migration. He said,
“Maybe you don’t think I deserved that $ETH? I think my contributions justified that. I wrote the migration code. I did all the audits. I coordinated the largest LP pools ever. I created a large community. I sprung up 100s of LP scam projects. All in 1 week.”
Chef Nomi is all over the place
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