- Unibot’s token value plummeted by 50% yesterday due to internal conflicts between its Ethereum and Solana developers
- The Ethereum team terminated collaboration with Solana counterparts, citing breaches including launching a Blast bot without permission and refusing KYC
- In response, the Solana group plans to rebrand independently from Unibot’s Ethereum team
The popular Telegram trading bot Unibot witnessed a 50% drop in its token value yesterday
following revelations of internal discord between its Ethereum and Solana developers. Unibot’s Ethereum team revealed that it has terminated collaboration with their Solana counterparts, citing alleged breaches of previous agreements after the latter allegedly launched a Blast bot named “evm_unibot” without obtaining permission and authorization from Unibot, with the group also alleged to have refused to perform KYC and failed to honor commitments around fees. In return, the Solana collective announced intentions to rebrand independently from Unibot’s Ethereum team.
Unibot Files for Divorce
The dispute began when Unibot issued an X post regarding a “significant update”:
Outlined below are the primary reasons for discontinuing our partnership:
1. A breach of trust occurred when the Solana group launched the Blast bot named “evm_unibot” without obtaining prior permission and authorization from us. Users have been report that they were unable to…
— Unibot (@TeamUnibot) March 11, 2024
Unibot claimed that the Ethereum developers no longer represented the project’s “core values for transparency, security, and honesty” after the Solana developers launched the bot “without obtaining prior permission and authorization from us,” which the group said led to “security concerns” and prompted them to transition to in-house development on their in-house servers.
In response, the Ethereum team demanded a name change from the Solana group, currently operating under the Unibot name, with pseudonymous Unibot Solana builder Reethmos stating that the split would not affect Unibot’s users:
The Solana bot is completely unaffected by controversies caused by the Ethereum team of Unibot. Our security architecture is unchanged, our bot performance is unchanged, and our rev sharing system is unchanged.
We’ll make an official announcement about our upcoming rebrand to… https://t.co/jG0VweVKtC
— Ree-th-mos (@Reethmos) March 11, 2024
Unibot’s UNIBOT token crashed from $75 to $35 in the aftermath of the dispute, but has since recovered to $47.
