The Artificial Intelligence Token, "Inverse Cramer Token" is down 94% after the AI that supports the crypto becomes Corrupted and developers are unable to restore it (potential rugpull by devs).

AI Tokens are all the rage as the next big thing in crypto and it was inevitable that someone would combine an AI with the Inverse Cramer Meme.

"The Inverse Cramer Token (ICT) combines state of the art AI technology and the Inverse Cramer Meme by monitoring and inversing: Cramer's Twitter, Mad Money TV airings and any other appearances made by the TV personality, in real time. By staking your ICT you are eligible to earn yield from the profit that the AI makes inversing Cramer. Only stakers are eligible for a split of the yield paid daily, and it will be divided proportionally to the amount of ICT that is staked. In the incredibly unlikely event the AI loses money on the day, no yield will be paid to ICT stakers."

^{From the Developers}

The ICT token launched last year as an ERC-20 token on Polygon with a supply of 100M tokens and has been steadily growing in popularity due to increasing success and awareness of the inversing Cramer meme.

https://preview.redd.it/kr5928a280ga1.png?540&format=png&auto=webp&s=ff7affdfc78ad6cf0f1e407588a35eac3de831df

At it's peak it was the 10th largest AI or Big Data crypto and the 334th largest crypto according to CoinMarketCap, shortly before losing 94% of it's value over the course of the day.

https://preview.redd.it/kiks9e7380ga1.png?1129&format=png&auto=webp&s=6f37e02253ba5163d834a89e094c1776839387fe

According to developers the AI became unresponsive when it encountered one of Cramers Tweets that triggered the inverse parameters to be simultaneously bullish and bearish against BTC at the same time. When the developers attempted to force restart the AI, they discovered the AI had become corrupted and all data would be lost.

https://preview.redd.it/17772pz380ga1.png?768&format=png&auto=webp&s=3793b4b1261ed12bcd473bdaad394f928fd0d3cd

Immediately after word broke that the AI behind ICT was corrupted, the price of ICT went through a series of crashes and currently sits 94% down over the last day.

https://preview.redd.it/e74euv0580ga1.png?1314&format=png&auto=webp&s=627bc898f3d1d9edc33883c37cbd9861ceb0f840

This should be the end of the story but an ICT whale checking the Polygon Explorer saw that the team behind ICT sent 40M ICT tokens, 40% of the supply to the Binance14 Hot Wallet around the same time they made the announcement, and the same time the price started dumping.

https://preview.redd.it/7y81f9p580ga1.png?768&format=png&auto=webp&s=b1e9cf9124cc7d148ea813ad6778e81d5e7c90d0

You can see that transactions here. It shows 40M ICT being transferred to the Binance14 Hot wallet that coincides with the time ICT started to go through repeated drops in price.

https://preview.redd.it/2iqf9kh680ga1.png?1383&format=png&auto=webp&s=70a3b48c9dd211f98c0a76796c7db226b289a022

Without knowing for sure what was done with the tokens that were transferred to Binance it's hard to believe this isn't fraud and the "AI becoming corrupt" is just an elaborate cover - especially after the price dropped 94% in a day following the transfer of those tokens to the Binance hot wallet.

If anything this should be a lesson for everyone, not to blindly buy into the hype of buzzwords like "Artificial Intelligence". Crypto is incredibly risky and when you invest in small cap and experimental assets it becomes significantly more risky.

Please stay safe out there when investing and my sympathies to everyone who held ICT. I hope you get answers soon.