The Base ecosystem star project Keeta is facing a Crisis of Confidence, with the Token KTA experiencing a 20% big dump.

The Keeta project has recently encountered a significant Crisis of Confidence, with its Token KTA experiencing a big dump of 20% within 24 hours. The catalyst for this crisis was a social media post questioning the authenticity of the project.

A community user stated after experiencing the Keeta testnet that the project is completely fake. He pointed out that the block explorer is a fake page built with simple tools, and the displayed transaction data is fabricated, while the exchange function is completely unusable. The user also criticized the quality of the project’s white paper and documentation, which he suspects was generated by AI.

The well-known on-chain analyst subsequently questioned the Keeta project. He pointed out that when a project relies mainly on internet celebrities rather than actual developers for promotion, it usually indicates a lack of technical strength. He also mocked Keeta for issuing tokens before the product was launched, charging high fees upon launch, and ultimately being hyped to an astronomical valuation.

In the face of skepticism, Keeta officially announced that it will conduct a full live testing on June 12, claiming to validate its ability to process 10 million transactions per second.

Keeta previously claimed to have received $17 million in funding support from investors, including former Google CEO, which caused a stir in the community. However, there is currently no direct statement regarding this investment found in Keeta's official account.

Analysis indicates that the rise of Keeta Token often occurs during weekends or other low liquidity periods, which may imply lower pump costs. Currently, KTA has not been listed on any mainstream trading platforms.

Some people in the community have also found that content questioning the Keeta project has been deleted, including discussions about its Token economic model, exchange operation model, and signs of price manipulation.

Despite numerous doubts, the price of KTA remains at a high level. However, if the upcoming performance test fails to be completed on time or accurately, the Keeta project may face a more severe Crisis of Confidence.