Market news: A high-level executive from Aethir collaborates with investors and 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 pump and then dumped and shorted the market.
2. The other version suggests 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 positive 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 leveraged well-known whistleblower bloggers, such as Coin Circle Encyclopedia, to leak details of the company's daily meetings and many positive actions, creating a public sentiment for shorting through the exposure by these bloggers.

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