$KTA is down 25.9% today after claims surfaced that its testnet was fake.
An analyst alleged the explorer shows fake transactions and swaps don’t work. Supporters pushed back, citing a doxxed team and SEC filings confirming a $17M raise.
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For context:
I am likely the first person ever to go on the Keeta testnet.
TLDR it’s completely fake.
The explorer is a Vercel vibe coded page posting fake transaction data.
Swaps don't work.
Keeta CTO - “There's a lot of network functionality that underlies the UI of this little demo but it's still great to see such a pretty interface on it!”
Whitepaper is AI slop.
Same for the docs.
Not going to even bother trying the SDK.
$1.6B token.
- Mother Fudder
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