The 80% drop to 22,000 unique users playing Up Only at last weekend’s KC54 from 106,000 at KC53 on February 28 is concerning. Karate Combat: Dashboard
1 billion $Karate on Hedera was transferred from the assumed KC Treasury on February 28 for the Karate/Hbar Saucer Swap pool. This followed a similar path of 58.5 million $Karate on November 11, 2024 which seemed part of the passed Kick 11 regarding Hedera liquidity. Did this get expanded to 1 billion $Karate? https://gov.karate.com/t/passed-kick-11-support-community-efforts-of-improving-karate-liquidity-on-hedera/
Learning here recently about Up Only player SRIOON , that account has swapped over 600 million $Karate after this 1 billion $Karate transfer from the KC Treasury so I propose the DAO should discuss all these concurrent activities.
SRIOON received 1 billion tokens from KC Treasury affiliate 0.0.2328171 on September 13, 2024 to 5 separate accounts that then were combined at 0.0.7290898. This account started swapping out large amounts of $Karate on February 28 to 0.0.6071041 continuing through today that total over 600 million $karate.
The 1 billion $karate from KC Treasury was transferred from 0.0.2283226 to 0.0.2328171 to 0.0.4544591 to 0.0.7345061 to 0.0.6071041 on February 28th. Similar path from 0.0.2283226 to 0.0.7345061 to 0.0.6071041 on November 11, 2024 for the 58.5 million that appeared related to KICK 11.
If a founder or senior member of the team or influential investor is SRIOON at 0.0.7290898 then this seems like something that the DAO should be involved in on the KC Treasury side of things. I propose a discussion of potential rules on how to vote for such Treasury actions because if they are for supporting large $karate selling campaigns for individuals that have unique access to information and influence it can cause bigger issues for $karate when $UP is launched.