Keeta Token big dump, project authenticity questioned

Recently, the highly关注 project Keeta on the Base chain suffered a heavy blow, with its Token $KTA experiencing a big dump of 20% within 24 hours. This big dump originated from a social media post that sparked widespread discussion.

A community member expressed that after experiencing the Keeta testnet, the project has many issues. He pointed out that the project's block explorer seems to be a fake page, and the transaction data displayed may not be real, while the Swap function is also not working properly. In addition, the user believes that the project's white paper and documentation are of low quality and suspected to be generated by AI.

More notably, a well-known on-chain analyst expressed his views on the matter. He pointed out that when a project primarily relies on promotion by non-developers, it usually indicates doubts about its technical strength. The analyst also questioned Keeta's practice of issuing tokens and charging high fees before the product has been launched, considering such behavior unreasonable.

In response to the wave of skepticism, Keeta officially announced that it will conduct a live test on June 12, claiming it will collaborate with the engineering team of a well-known technology company to verify its ability to process 10 million transactions per second.

It is worth noting that Keeta had previously claimed to have received $17 million in funding support from investors, including the former CEO of a well-known technology company. However, as the authenticity of the project has come into question, this investment relationship has also sparked speculation in the market.

Some community members have pointed out that the pump time of $KTA is mostly concentrated on weekends and other periods of lower liquidity, which may indicate a lower pumping cost. Currently, $KTA has not been listed on any mainstream trading platform.

In addition, some information questioning the Keeta project has been deleted, including doubts about its Token economic model, exchange operation model, and price manipulation.

As the community's doubts regarding the liquidity control of Keeta Token, market manipulation traces, and the team behind it continue to grow, the project is facing a severe trust crisis. If the upcoming high-performance test fails to be completed on time or truthfully, the Keeta project may face even greater challenges.