After reaching a $150 million market cap, the egg token’s dream has become costly for some investors.
The brand behind one of the most-liked photos on the internet entered the cryptocurrency realm earlier this year when a crypto enthusiast acquired the rights to the @world_record_egg Instagram account. With 5.2 million followers, the “egg” is a hot property.
French entrepreneur Mustafa El Fishawy, who in March acquired a 75% stake in Talking Egg, hasn’t disclosed whether he is behind any of the cryptocurrency projects associated with the brand.
The crypto project has drawn fiery criticisms and accusations from the public, while the developers haven’t responded to their investors and community members in months.
