Market news: A high-level executive from Aethir collaborates with investor VC to short sell, countering the founder's fundraising efforts to manipulate the market and harvest the community

ChainCatcher news reports that according to crypto KOL Crypto Fearless, there are two versions of the reason behind the ATH crash event:

1. The first version is that the founder of Aethir called for a buy and then dumped and shorted the market.
2. The other version is that Aethir's internal executives, dissatisfied with the unequal profit distribution by the founder, teamed up with investor VCs to short the market, countering the founder's efforts to raise funds. These internal executives held daily meetings with the boss and other colleagues, fully grasping and participating in all favorable developments. During the process of pushing the price to its peak, they placed large short orders and sold off their spot holdings, ultimately leading to a crash that harvested the community. Additionally, the team utilized well-known leak bloggers, such as Coin Circle Encyclopedia, to disclose details of the company's daily meetings and many favorable actions, creating a public sentiment for shorting through the exposure from these bloggers.

Regardless of which version of the ATH crash reason is true, it has severely harvested the community.