Justin Sun Just Made A Serious Accusation About XCN | The Economic Ninja

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Summary

➡ The Economic Ninja talks about how Onyx Coin (XEAN) is gaining popularity and is the fourth most trending coin on CoinMarketCap. However, there are concerns about potential market manipulation, including pump and dump schemes. These suspicions have led to the coin being placed on a delisting watch list, and withdrawal services have been suspended. Despite these issues, the coin is close to crossing a billion-dollar market cap and entering the top 100 coins.

 

Transcript

Hello everyone, Ekand. I’m a ninja here. I hope you’re doing well. I’ve got good and bad news about Onyx Coin or XEAN. It is 3.18 in the morning. As I record this, I woke up to a text and I have two bits of bad news. Now, none of what I’m about to say is confirmed. Matter of fact, the first bit of bad news didn’t seem like a lot. Actually, it seemed weird to me, but I started digging. And so it was enough for me to wake up and come bring you this. Because none of this is validated yet.

But I want to tell you, yesterday, ironically, I was talking about taking profits on the way up. Well, first, let me start with the good news. For those of you that invested in Onyx Coin, you are watching this thing just absolutely pump. Matter of fact, as of right now, it is the number fourth most trending coin on CoinMarketCap, which means by that, it’s the most looked at project. The fourth most looked at people just clicking on and looking at it, right? But at the same time, it is about to cross over the one into the 100.

I’m going to scroll down all the way down. And I want you to understand there’s a lot of significance here because for a lot of OG style crypto investors, right? You see, we went to 100 down there. You scroll down here. Here’s Onyx Coin number 108, right? It is about to cross a billion dollar market cap and is about to be put into the top 100. Well, that top 100 slot is pretty important because there are a lot of traders that go back and forth in the top 100 trying to see which coin to invest in that’s going to pick up pace and push down other projects as it goes up.

But here’s the news. So this is the news I was given. Again, none of this is set up right now to be positive or true, but Andrew sent me this in the middle of the night and I missed it until I woke up at three o’clock or so. HTX has detected repeated instances of suspected market manipulation of Onyx Coin, or XN, including pump and dump schemes. These actions pose a risk to platform and user assets violating our platform rules undermining fair and transparent market proxies. Now, this is where I thought it was weird, all right? So according to our HTX token management rules, XN is placed on our delisting watch list.

It’s not being delisted, right, with an ST label and related withdrawal services are suspended. Okay, so that’s weird because the only way I take this, and I don’t know exactly what it means, are all withdrawals of XN being halted on this exchange. Like, that’s weird. Or is it related to some specific accounts? Okay, so again, none of this is, I don’t know what that means right there. And this is the rough part about cryptocurrency stuff because this kind of stuff tends to happen where you’re seeing small projects that explode higher, all of a sudden, you know, exchange listings or exchanges start looking at them with a fine-tooth comb and they’re going, what’s going on? This is too good to be true.

Why is this exploding? We’ve seen projects explode before in popularity and there’ll be scrutiny by exchanges, okay? So again, none of this is related. Check this out. This came out as I was digging, and again, I’ve got to report to you the stuff that’s happening. Let me get on that real quick. So this is a tweet from Justin Sun. Now, I take this pretty serious because Justin Sun has a massive following. Check this out. XN at Chain, right? This is that company that I’ve been talking about that all of a sudden has been coming out with great news about XN is currently engaging in sufficient market manipulation.

They are using high-leveraging contract that could cause serious harm to many exchange users. I recommend that major exchanges pay close attention to this risk, will report their illegal activities, the SEC and DOJ for further investigation. So that’s a pretty strong accusation right there, right? That’s not a joke. He tagged all of these exchanges in here. So if you look at Justin Sun’s account, 3.7 million followers, you know, a founder of Tron, this is a big deal, all right? So I take this very serious. This is what’s rough in crypto, and I’ve got to report both sides.

That’s part of my duty to my subscribers. So I talked about pulling off profits. I’m pulling back half of my position, okay, until I see what goes on with this. This could all be nothing, Berger, or it could be something that’s serious, all right? So I’m just letting you know, I literally woke up, saw this text, and then started digging in deeper. And I want to bring you information as fast as possible. So with that being said, that’s what I’m doing. I’m being totally transparent about this. But yeah, I just want to make sure everyone knows.

Now, again, this could be nothing, right? And it just keeps moving on or chugging on. But for me, this is what I’m going to be doing. All right, with that being said, I hope you got something out of this. The Economic Ninja is out. [tr:trw].

See more of The Economic Ninja on their Public Channel and the MPN The Economic Ninja channel.

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