Performance artists behind the birds are not real have taken a dark turn in their new developed project, a resuscitation of Enron.
The team led by Connor Gaydos bought the brand and the domain name of the fraudulent company of the 1990s, but rather than commenting it artistically, it seems to perpetuate its accounting scandal.
On Tuesday, the team announced a real same same on the Solana blockchain with the symbol of the Ticker Enron. Enron tweeted more than 48,000 subscribers, winning millions of impressions.
The room immediately pumped and then thrown a few minutes later. Indeed, within seven minutes, its market capitalization had reached $ 700 million, but only an hour later, it had poured 64%.
He continued to derive even lower and at midnight in New York on the day of his beginnings, he had Fallen at 76% from his top.
‘We don’t make a room
The investigation journalist Coffeezilla immediately called Gaydos for having sparked an association with an cryptographic asset – then offering a cryptographic asset.
“I wanted to clarify, we do not do a medal, and all the parts on the market are not affiliated with us,” said Enron in Coffeezilla. A few weeks later, he has a whole Web page dedicated to the offer.
Find out more: The former president of Enron takes up the cartel of the bankrupt cryptography of SBF
Enron launched on the Solana blockchain. Two sophisticated traders who, according to Gaydos, are not affiliated with Enron, have already achieved $ 4 million and $ 5 million in profits.
ENRON 2.0: Worse than 1.0
The real Enron collapsed at $ 0 in October 2001 after years of illegal accounting denunciations. John J. Ray III has returned to bankruptcy.
Ray III subsequently obtained the recognition of the name in the cryptography industry for his management of the FTX bankruptcy field.
ENRON X Account replied to criticism on a meager, Seven -day locking for founders’ parts. He indicates that he will extend this locking at six months, followed by a linear vest of 12 months.
Not that this has particularly contributed to improving the token of Enron. Ninety percent of its supply is reserved for initiates and partners-30% for the Foundation, 20% for investors and 40% for the Treasury and the Enron team.
Although Gaydos initially seemed interested in the art of performance with the Enron brand – for example, tease a miniaturized nuclear reactor for owners who was a clear wink to the old energy company in Enron who enriched the public household services – his last act has no art.
The same seems to be a direct money who crashed 75% in one day.
According to Coffeezilla, who spoke with Gaydos, the same memecoin is a useless and very serious scam. The victims have already lost millions of dollars.
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