The U.S. Department of Justice accuses the market maker Gotbit of alleged market manipulation, with BabyDoge appearing prominently on the cooperation list. Just this alone casts serious doubt on the so-called pure narrative of “organic community-led growth.”
Next, let’s look at the real flow of funds: monthly unlocks at the scale of tens of millions of dollars continue to flow into exchanges. Where’s the promised buyback? On-chain, there’s no way to find any record of the project’s actual burning of real assets. The developers’ coins are left entirely untouched—everything is propped up by the community supposedly burning tokens on its own.
On one side, there are suspicions of manipulation by a party implicated in the case; on the other, there are false promises that force the community to absorb a constant stream of tens of millions under selling pressure. This isn’t just about short-term price swings anymore—the game plan has been exposed. Whoever is willing to step in and catch this endless pile of chips can take it; I’m not getting involved.
#1MBABYDOGE
Next, let’s look at the real flow of funds: monthly unlocks at the scale of tens of millions of dollars continue to flow into exchanges. Where’s the promised buyback? On-chain, there’s no way to find any record of the project’s actual burning of real assets. The developers’ coins are left entirely untouched—everything is propped up by the community supposedly burning tokens on its own.
On one side, there are suspicions of manipulation by a party implicated in the case; on the other, there are false promises that force the community to absorb a constant stream of tens of millions under selling pressure. This isn’t just about short-term price swings anymore—the game plan has been exposed. Whoever is willing to step in and catch this endless pile of chips can take it; I’m not getting involved.
#1MBABYDOGE