Then, on Thursday around 1 p.m., the value fell like a mudslide, and over the next three hours all of those anonymous investors who had touted the value of FEG for the past few weeks off-loaded about $120 million worth of profits. Over about a three-day period, the value of the token rose exponentially. On Saturday, May 8, after a few weeks of tepid movement, FEG took off into the stratosphere as hundreds of thousands of random investors (who had been enticed to do so on all of those platforms) started to buy the coin. On YouTube, an army of “crypto experts,” who host daily and weekly crypto shows in every language imaginable, started touting FEG as the opportunity of a lifetime, dissecting the company’s white paper, and waxing prophetically about it being the “ coolest, newest crypto” imaginable. People were enticed to join a Telegram group, which soon grew from a few dozen random crypto insiders to around 40,000 wannabe investors, who seemed to be on the chat on a rolling-around-the-clock basis, constantly sharing gorilla memes and gorilla jokes and gorilla analysis on FEG Token and talking about how many they had all purchased, or planned to, and how the price was going to skyrocket. In turn, chats about FEG started popping up on Discord, Reddit forums, and countless accounts on Instagram. Soon enough, more unnamed investor types with obscure Twitter handles began discussing this new coin on Twitter, touting it as the next big crypto investment. FEG, which has a logo of a gorilla and is an acronym for “Feed Every Gorilla,” started to appear on message boards online, with a smattering of anonymous investors saying the coin was “the easiest opportunity for you to get rich,” and that everyone “should take a look at” this new cryptocurrency. Over the past few months, discussion of a new crypto coin, called FEG Token, started to slowly sprinkle across the internet.
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