RATE Group | Theta Cryptocurrency Plunges 50% As Traders Question Google Partnership
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Theta Cryptocurrency Plunges 50% As Traders Question Google Partnership

31 May Theta Cryptocurrency Plunges 50% As Traders Question Google Partnership

Posted at 05:47h in Cryptocurrency News by

What goes up, must come down. That saying just applied to the cryptocurrency named Theta, which recently became a topic of hot discussion due to a supposed Google partnership.

Details about the “partnership” however bring up questions about if there’s any validity to the claim, or if Theta is simply a client of the tech giant. The initial news caused a massive pump, but uncertainty led to a 50% collapse just as fast.

Google Partnership Speculation Causes Altcoin To Pump and Dump Over 50%

Earlier this week, news broke that Google would be “teaming up” with the Theta Network to onboard users of the blockchain-based video delivery service via Google Cloud.

The asset’s price pumped over 65% in 24 hours due to the news. The small cap cryptocurrency added the 65% to an outrageous 1,500% climb from its Black Thursday bottom in March 2020.

theta cryptocurrency google

Sharp-eyed cryptocurrency traders began to question the “partnership,” however.

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