The so-called Zama Public Auction claims to have raised $118 million for an encrypted ICO on Ethereum, but lacks confirmation from credible sources.
Without official verification, doubts persist about the eventโs legitimacy and potential market impact, with no significant movement observed in Ethereum or related assets.
Claims of $118M for Zamaโs encrypted ICO on Ethereum lack primary source verification.
The Zama Public Auction claims to have raised a significant amount, though no credible sources confirm this. This claim has been circulating on CoinGecko pages, creating speculation in the crypto community. Information circulating includes a supposed $118M commitment for Zamaโs ICO on Ethereum. There are no substantiated links with official figures or authoritative personnel, casting doubt on these claims.
Community Skepticism Grows Amid Lack of Evidence
Community members are reacting with skepticism due to the lack of verifiable evidence. This has raised concerns about potential scam activity in the cryptocurrency market, emphasizing the importance of transparency.
Although the claim involves an encrypted ICO on Ethereum, no financial impacts or regulatory responses have been observed. Historically, unbacked claims can instigate market volatility and distrust.
Experts Urge Caution on Unverified ICO Ventures
No verified instances of similar encrypted ICOs with such funding have occurred previously on Ethereum. Past occurrences that lack evidence often result in rumors rather than impactful financial events.
Experts from Kanalcoin caution against hasty participation in unconfirmed ventures. They recommend investors rely on data and verified sources to inform their decisions and maintain market stability.
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