In a surprising turn of events, Charles Hoskinson, the visionary behind decentralized blockchain Cardano, inadvertently sparked a wild roller coaster on the crypto market.
On serene Sunday, Dec. 10, Hoskinson innocently shared a snapshot featuring himself and his four-legged companion, Freya, on the social network X. Seemingly harmless, this ordinary post took an unexpected twist.
The twist came in the form of an inactive account tagged in the post, labeled FreyaHoskinson. Opportunists quickly seized on the moment, transforming the dormant account into the center of a new NFT project on Cardano, aptly named FREYA.
Almost instantaneously, the illusion was cast upon the crypto community that Hoskinson had given his seal of approval to this newly emergent cryptocurrency venture, causing a frantic surge of excitement among eager traders anticipating swift profits.
The NFT associated with the project skyrocketed an astonishing 2,530%, triggering a speculative craze. However, as quickly as the surge occurred, a sharp decline followed suit. Within the subsequent hour, half of the token's value plummeted by a staggering 76%, leaving traders bewildered and frustrated
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HI @sirbe
hope you doing well. We have some restrictive rules on our Steemit platform. You must have to follow those rules. Doing copy from other sources is a violation of our Steemit platform rules. To be a real blogger you must have to use your creativity. Your content is totally copied from another source. You have to mention or give the link from where you copied the content. Otherwise, it will be considered as plagiarism. Also, you only can take 25% (of course have to mention the source ) articles from somewhere else according to your blog and the remaining 75% have to write on your own. Hope you will try to follow our Steemits rules from now on.
Thank you.
Your post is written from this source link.
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