Sushi has crashed by some 80% in just a few days after rising from naught to about $10 with it now at $2.50.
Seemingly worried about the falling price, Chef Nomi tried to re-assure the market about the migration by stating he will send the dev funds into a Uniswap Pool and lock the tokens.
Just hours later, with the price continuing to fall, he apparently changed his mind and just converted it all to eth.
He sold at the price of about $3 per sushi, with any new dev funds now to go to a multisig. He said:
“Again I would like to stress. I will continue to drive the project forward… You will continue to see driving all the efforts. The MultiSig. The Migration. The development. Everything.”
Charges of exist scam are at fever pitch, with Nomi denying them, stating:
“The devshare part of me. I converted them to $ETH. I stop caring about price and I will focus on the technicality of the migration.
People asked if I exited scam. I did not. I am still here. I will continue to participate in the discussion. I will help with the technical part. I will help ensure we have a successful migration.”
What he does with his eth or sushi is obviously his business, but if he does exit scam you’d expect one of the largest law enforcement operation to go after him.
The migration now is in 40 hours, so on Monday, with this being a first of its kind as it’s to move some 1 billion worth of liquidity to a brand new dapp which Nomi claims has now been audited.
How that goes is to be seen, with the world so to witness either the birth of a very new thing or one of the biggest chase in history.