- Qubetics token TICS drops nearly 97% amid errors.
- Project leadership blames development team Antier.
- Investor confidence severely affected with liquidity issues.
Qubetics token TICS suffered a dramatic 97% drop amid allegations of being a rug pull, as the company acknowledged significant errors in its token airdrop process.
The collapse eroded investor trust and liquidity, highlighting vulnerabilities in crypto projects, with no regulatory actions or major crypto leaders commenting yet.
Qubetics token TICS encountered a dramatic price collapse of 97%, sparking concerns over potential rug pull activities. Official channels have attributed the fall to severe errors during the airdrop process but deny any intentional wrongdoing.
Key team members, identified simply as “Qubetics,” have deflected blame for the token’s downturn onto outsourced developers Antier. Despite the initial 10% token distribution, investors reported missing expected allocations and extended release timelines.
The price plunge affected investor trust significantly in the market. It has led to serious liquidity loss and extensive scrutiny across the crypto community. Official apologies and explanations have yet to restore confidence fully.
The crash highlights potential gaps in project management and technical oversight. With no immediate reactions from major crypto leaders, the situation continues to unfold without a confirmed regulatory response.
The community remains vigilant, with discussions labeling the situation as a potential ‘scam.’ The lack of official statements from prominent industry figures raises questions about the implications for emerging tokens.
Experts anticipate possible future regulatory actions in response to the fallout. Historically, similar incidents have triggered changes in project management practices and increased scrutiny from investors and regulators alike. The Qubetics Official Team mentioned, “The initial 10% of your $TICS tokens has been successfully distributed. The remaining 90% will be released gradually, with 1% delivered daily over the next 90 days…”
