The listing of Aperture Finance (APTR) on Bybit has resulted in chaos, devastating numerous investors. What began as a promising investment opportunity has quickly unraveled into a financial nightmare.
Leading up to its listing, Aperture Finance launched an extensive marketing campaign to generate buzz and attract investors. This campaign included a free airdrop, which appeared to be a generous gesture designed to build trust and excitement around the token. However, this move now seems to have been a strategic smokescreen.
Betraying their own community, the founders of Aperture Finance, who had pledged to hold and support the project, offloaded a substantial portion of APTR tokens within just 10 seconds of the listing. This sudden sell-off caused immediate panic, triggering a massive drop in the token’s value.
The price of APTR plummeted dramatically, dropping to a staggering -15.77%. Investors watched in dismay as the token’s value nosedived from its initial listing price of 0.4735 to a dismal 0.06. This collapse has left many investors reeling, and facing significant financial losses.
Experts are now labelling Aperture Finance as another cryptocurrency scam. This incident underscores the risks associated with unregulated tokens and highlights the importance of investor vigilance. The deceptive practices employed by the founders have drawn sharp criticism from the cryptocurrency community.
In a development that has raised serious concerns among investors, all Telegram channels associated with Aperture Finance were abruptly closed just seconds before the token’s listing on Bybit. This sudden action suggests that the founders may have been aware of the impending market turmoil they were about to trigger.
Prior to this, users had already reported significant issues with the promised free airdrop. Miners expecting to receive tokens discovered that their wallets were inexplicably showing zero balances, with their mined airdrops wiped out. Despite these alarming reports, the Telegram channels remained open until moments before the listing, when they were suddenly shut down.
For the past three days, these Telegram channels have remained closed. Comments from moderators have attributed the lack of access to airdropped tokens to technical issues, claiming efforts are underway to resolve these problems. However, these explanations have done little to calm investor fears as the value of the APTR token continues to plummet on Bybit.
The token’s price has dropped to near zero, with founders reportedly dumping large quantities of tokens onto the market, further driving down its value and causing substantial financial losses for investors.
Despite the widespread financial fallout, there is a glimmer of hope for affected investors. Some are calling for rallying community efforts to seek restitution. While the path to recovery remains uncertain, these efforts may offer a chance for investors to recoup some of their losses.