BOBAOPPA Pre-sale Harvest: A Financial Management Project to Secure Funds with Quality Pledges, Allowing You to Acquire a $70 Million Mansion

With the recent completion of the fundraising for the meme coin project $BOBAOPPA by Machi Big Brother Huang Li Cheng, controversies have once again arisen regarding the subsequent allocation of funds. These controversies include the pledge agreement BlazeStake, the establishment of a liquidity pool using only 30% of the funds raised through pre-sales, and even the imposition of transaction fees ranging from 2% to 10% on users for each transaction, which has sparked further disputes.

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Machi Big Brother has launched a new coin! BOBAOPPA, the dog son, has raised nearly 180,000 SOL coins.
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Machi Brother Issues Tokens for Beloved Dog $BOBAOPPA
Token Drops 60% in One Hour
Money Goes into BlazeStake to Assist Users in Managing Their Finances
Are There Transaction Fees?
Big Brother Earns 50 Million Euros: Buys a New Dog House
Past Controversies Surrounding Big Brother Resurface

Always staying on top of market trends, Machi Big Brother did not miss out on the meme coin craze this time. Previously, he announced through Twitter (now X) that the related tokens for his pet dog BOBAOPPA would soon be issued, which sparked a heated discussion within the community.

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However, as the fundraising amount exceeded 200,000 SOL coins (about 38.2 million US dollars), everything that happened after the token airdrop and open trading only fueled further discontent within the community. Birdeye data shows that the BOBAOPPA token reached its peak within the first half hour of trading and then plummeted by over 60% within the following hour.

It is also evident that the token frequently experienced “pinning” due to low liquidity. As of the time of writing, the token price has dropped by 65.9% from its peak. In response, the community generally directed their criticism towards Big Brother.

On-chain data shows that he pledged 156,000 SOL coins, worth over 30 million US dollars, to the Solana ecological protocol BlazeStake, accounting for nearly 70% of the total pre-sale amount.

Big Brother transferred 156,000 SOL coins to BlazeStake.

In addition, Big Brother only used around 67,000 SOL coins from the pre-sale to establish a liquidity pool, accounting for only 33.5% of the total fundraising amount, severely limiting the liquidity in the token trading pool.

What is most criticized is that Big Brother even designed a transaction tax mechanism in the trading pool, including dynamic fees ranging from 2% to 10% and a one-way transaction fee of 8.75%. This has resulted in substantial losses for traders in terms of funds.

With the conclusion of the $BOBAOPPA project, Big Brother shared his newly purchased luxury villa this morning, stating that it will be used as a new “dog house”. He also revealed the astonishing price of “77 million US dollars” for the mansion in other users’ tweets.

According to PANews statistics, Big Brother’s BOBAOPPA project has generated profits of over 31 million US dollars (only from BlazeStake), in addition to the profits from token dumping, resulting in a total actual profit of approximately 50 million US dollars.

In light of this, the lengthy article “22,000 ETH Stolen, Over a Dozen Failed Projects: The Story of Machi Big Brother” published by online detective Zach in 2022 has resurfaced, recounting the dozens of failed crypto projects that Big Brother has been involved in. These include the well-known Formosa Finance embezzlement controversy, decentralized community platform Mithril, Squid DAO, Swag Finance, and other entrepreneurial projects, most of which ended in failure.

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It is reported that his projects are characterized by anonymous teams, forks from other projects, extreme price volatility, and shorter lifecycles, earning him the nickname “The Reaper” within the community. Whether the controversy surrounding Big Brother’s Bobaoppa pre-sale will be added to this list remains to be seen in the future.

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Memecoin
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Machi Big Brother

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