Blood in the streets of DeSo

Many of us woke to blood on the streets on the 11th/12th of January. The creator fund had finally sold much of its holdings in creator coin, and the fact is, no one can blame them.

This excerpt from Mario Nawfal’s post on the day says a fair bit -

“Today the team liquidated the holdings of our investors who all opted to exit creator coins due to the plethora of rug pulls. While I did not fully agree with their decision, I do understand it, and of course, I have to oblige as it is their capital. I, as well as my investors, lost a lot of money from these rug pulls (low 7 figures), and the risk is too high. While we still strongly believe in DeSo's future and @Nader's ability to execute, the risk of holding such a large amount of creator coins is too high.”

Low seven figures loss hurts. From predominantly rug pulls/scams. I have been warning people, as have many others, about this specific issue. The loss that this represents is just a splash in the ocean compared to what’s coming. Due to Naders and the core teams inability to execute.