- ZachXBT accused Rekt Fencer of selling pump-and-dump meme cash.
- Rekt Fencer was in ANALOS BALLZ and CATDOG.
- Rekt Fencer was operating a crypto challenge known as Dropcoin.
ZachXBT, a extremely well-liked crypto sleuth on X, has accused crypto analyst and influencer Recto Fencer of selling a pretend meme coin challenge and defrauding buyers.
Within the X put up, ZachXBT revealed that Rekt Fencer was concerned in meme coin initiatives similar to ANALOS BALLZ and CATDOG, and that the account didn’t exist in earlier market cycles. ZachXBT added that the account was created to share AI-generated photos to extend their authenticity.
One X consumer identified that the individual behind Rekt Fencer was additionally paid by Polkadot (DOT) to advertise the token. One other consumer highlighted that Rekt Fencer beforehand ran a challenge known as Dropcoin that capitalized on the airdrop pattern. Regardless of the challenge having many supporters, 84% crashed inside 24 hours of launch.
ZachXBT's earlier analysis
ZachXBT beforehand accused crypto influencer and dealer Anthem of being concerned in a pump-and-dump scheme. The 2 additionally had a heated dialog. ZachXBT first talked about Anthem when discussing Murad Makhmudov's “Memecoin Supercycle” speech at Token 2049.
Makhmudov talked about his technique for making massive income from meme cash at Token2049, and Rekto Fencer defined to X how this technique can deliver large income to buyers. Mahmudov predicts that inside three years, Bitcoin will attain a valuation of $200 trillion, and memecoins will attain a valuation of $1 trillion.
Additionally learn: South Korea investigates KOK token crash, $3 billion loss
ZachXBT brings collectively Rekt Fencer, Mahmudov and Ansem as crypto neighborhood discusses group of influencers allegedly scamming buyers with memecoin initiatives which might be deserted shortly after launch did.
Disclaimer: The data contained on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any form. Coin Version shouldn’t be liable for any losses incurred because of using the content material, merchandise, or providers talked about. We encourage our readers to conduct due diligence earlier than taking any motion associated to our firm.
