{"id":17588,"date":"2024-10-07T18:22:42","date_gmt":"2024-10-07T15:22:42","guid":{"rendered":"https:\/\/forklog.com\/en\/zachxbt-accuses-influencer-of-pumping-meme-tokens\/"},"modified":"2024-10-07T18:22:42","modified_gmt":"2024-10-07T15:22:42","slug":"zachxbt-accuses-influencer-of-pumping-meme-tokens","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/zachxbt-accuses-influencer-of-pumping-meme-tokens\/","title":{"rendered":"ZachXBT Accuses Influencer of Pumping Meme Tokens"},"content":{"rendered":"<p>Renowned on-chain researcher Zachary Walk, known as ZachXBT, has criticized crypto influencer Sion Thomas (Ansem) for orchestrating a Pump &#038; Dump scheme involving numerous meme coins.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">It\u2019s definitely the guy who blew up his fund in March 2020 with his own token down 80% in past year and pivoted to promoting pump and dumps.<\/p>\n<p>\u2014 ZachXBT (@zachxbt) <a href=\"https:\/\/twitter.com\/zachxbt\/status\/1842613017814438159?ref_src=twsrc%5Etfw\">October 5, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the expert, Thomas played a significant role in promoting low-capitalization coins on Solana.\u00a0<\/p>\n<p>ZachXBT first mentioned the influencer in a comment regarding Murad Mahmudov&#8217;s presentation titled &#8220;Meme Coin Supercycle&#8221; at the Token 2049 conference in September.\u00a0\u00a0<\/p>\n<p>Mahmudov previously served as IT director at Adaptive Capital. The cryptocurrency hedge fund collapsed amid the market crash in 2020. Since then, the entrepreneur has been posting a ranking of what he considers the most promising coins in the segment on his X account.<\/p>\n<p>ZachXBT expressed his concerns about Thomas&#8217;s behavior.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;If you are promoting new low-capitalization meme coins to your followers every few days as a major account, it\u2019s because you have no accomplishments and instead have to use your followers,&#8221; Walk stated.<\/p>\n<\/blockquote>\n<p>Ansem argued that his recommendations performed better than utility tokens like Chainlink (LINK), which has fallen 90% against Bitcoin since the beginning of the year.<\/p>\n<p>The expert sharply countered, mentioning celebrity tokens promoted by the influencer such as BODEN, HOBBES, ZEUS, and WYNN. According to <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>, these assets have lost 98-99% from their peaks.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The &#8216;low-capitalization junk&#8217; you refer to has dominated 90% of retail narratives in crypto over the past year. Pump Fun is the number one revenue-generating app. Whether you like it or not, this is what people want to trade,&#8221; Thomas responded.\u00a0\u00a0\u00a0<\/p>\n<\/blockquote>\n<p>In response to criticism that he undermines users&#8217; long-term commitment to digital assets by &#8220;leading them to the slaughter daily,&#8221; the influencer wrote:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;People now call me the meme coin guy. At the beginning of 2022, I was the Cosmos guy, at the end of 2021, I was associated with DFK, and before that \u2014 with Solana.&#8221;<\/p>\n<\/blockquote>\n<p>Ultimately, Thomas suggested Walk share what information of his has helped users profit in the crypto market.<\/p>\n<p>Most commentators did not support the influencer.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;It\u2019s really amusing how you promote micro-cap shitcoins and use us as exit liquidity,&#8221; one of them stated.<\/p>\n<\/blockquote>\n<p>Earlier, billionaire and crypto investor Mark Cuban labeled all meme coins as potential scams.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Renowned on-chain researcher Zachary Walk, known as ZachXBT, has criticized crypto influencer Sion Thomas (Ansem) for orchestrating a Pump &#038; Dump scheme involving numerous meme coins. It\u2019s definitely the guy who blew up his fund in March 2020 with his own token down 80% in past year and pivoted to promoting pump and dumps. \u2014 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1161,1138],"class_list":["post-17588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-memes","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17588"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17588\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17587"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}