The crypto fund that has been shorting Chainlink since $5 has returned

Publicado en by Cryptoslate | Publicado en

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Months ago, a Twitter account called "Zeus Capital" was registered, along with a respective web page.

Zeus Capital claimed to be a cryptocurrency hedge fund with knowledge that could send the price of Chainlink to $0.07.

At the time the fund began slinging accusations of fraud, LINK traded for $4-5.

Due to a broader rally in the altcoin market that took a focus on decentralized finance and a collective effort by Chainlink holders to "Liquidate Zeus Capital," LINK shot higher.

Mid-August, at the peak of Zeus Capital's campaign against the Ethereum-based cryptocurrency, LINK traded at $20, 300 percent higher where it was when the fund launched.

"On his Twitter feed, he noticed a"Promoted" tweet from Zeus Capital's official Twitter account lambasting the Chainlink team for purportedly selling one million LINK per week.

Zeus Capital's Twitter has published a number of other tweets recently, including one mentioning a "$100,000 Reward Program for Provision of Information of Chainlink's Manipulative and Illicit Practices.

The fund is also continuing to push its report that states LINK will go to $0.07.

There is a theory that Zeus Capital is an entity launched by Chainlink believers to drag the LINK community together against a common enemy.

LINK peaked in August when Zeus Capital was the loudest.

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