It seems to me that the whales mistake was shifting all the funds into one wallet. Would this debate be happening if they kept funds separate?
On the flip side, anyone with 2.5 million ATOM has done quite well over the last year, with or without this JUNO.
What if people wanted to "upgrade" Bitcoin to remove Satoshi's wallet? He mined lots before most others knew about it, and if that wallet became active and started selling, it would threaten the value of BTC massively.
Interesting moral dilemma here, thanks for your contributions.
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The JUNO whale appears more likely to have gamed the airdrop then not and there lies the concerns. Satoshi holding so much BTC is like the whale holding his ATOM. Bought or earned it. Now an airdrop intended to distribute fairly to all atom stackers its origin is different. Like if we airdrop JUNO to all btc holders 1 BTC for 1 JUNO I don’t think Satoshi is going to split his BTC into multiple 50k wallets to game the JUNO airdrop. But if he did that it will raise red flag because intention was to distribute JUNO in a specific way. Someone gamed it and got caught. The lesson here is don’t move all the Juno into one wallet to direct suspicion. The more I just think about it the more I feel this wasn’t just luck playing a role to it but the whale planned it and acted innocently. Innocent before proven guilty? Let the voters decide.
Wallets where established well before any drop was on the cards. snapshot was in feb 21, drop was announced in aug 21, chain launched in oct 21. Most of these wallets were funded in 2020, way before any drops even hinted at. Seems not deliberately gamed, just lucky.
Having said that, does the character of the whale change things? It is alleged they gained their ATOM's via running Ponzi's and scaming peoples seed's on discord or telegram. I have seen these allegations, but no firm evidence. But it seems likely.
Definitely more research into the wallets, and some on chain analysis should have gone into the whale wallets prior to the drop.
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Just because they were way ahead of the announcement still doesn't prove they didn't know. Common sense makes me think otherwise. Why 50k, why not 25k or even less. Then there is the fact that they combined the JUNO to one account to collect all the airdrops in one shot. How convenient is it not? Sorry to keep pressing on the items with no additional updates on my part. I just feel its too many things aligning together making it very suspicious.