- ZachXBT accused Rekt Fencer of selling pump and dump meme cash.
- Rekt Fencer was linked with ANALOS BALLZ and CATDOG.
- Rekt Fencer additionally as soon as ran a crypto mission known as Dropcoin.
ZachXBT, a reasonably in style crypto sleuth on X, known as out cryptoanalyst and influencer Rekt Fencer for selling pretend meme coin tasks and defrauding traders.
Within the X submit, ZachXBT revealed that Rekt Fencer was concerned in meme coin tasks equivalent to ANALOS BALLZ and CATDOG, and that the account didn’t exist within the earlier market cycle. ZachXBT added that the account was created to share AI-generated photographs to extend their perceived authenticity.
One person X identified that the individual behind Rekt Fencer was additionally paid by Polkadot (DOT) to advertise their token. One other person identified that Rekt Fencer used to run a mission known as Dropcoin that benefited from the airdrop development. The mission, regardless of having a big following, crashed by 84% inside 24 hours of its launch.
Earlier investigation by ZachXBT
ZachXBT beforehand accused crypto influencer and dealer Ansem of participating in pump and dump schemes; the 2 additionally engaged in a passionate dialog. ZachXBT first talked about Ansem when discussing Murad Mahmud's “Memecoin Supercycle” speech at Token 2049.
Mahmudov talked about his technique to make important earnings from meme cash on Token2049 and Rekt Fencer turned to X to clarify how this technique could make traders tens of millions. Mahmudov predicted that Bitcoin will attain a price of $200 trillion, whereas meme cash might be value $1 trillion in three years.
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ZachXBT linked Rekt Fencer, Mahmudov, and Ansem whereas the crypto group mentioned a gaggle of influencers who allegedly defrauded traders with meme coin tasks which might be shortly deserted after launch.
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