- ZachXBT accused Rekt Fencer of selling pump and dump cash.
- Rekt Fencer was related to ANALOS BALLZ and CATDOG.
- Rekt Fencer additionally ran a crypto challenge referred to as Dropcoin.
ZachXBT, a preferred crypto sleuth on X, referred to as out crypto analyst and influencer Rekt Fencer for selling faux coin initiatives, deceptive buyers.
In an X article, ZachXBT revealed that Rekt Fencer was concerned in coin initiatives like 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 photos to reinforce their perceived authenticity.
An X person identified that the individual behind Rekt Fencer was additionally paid by Polkadot (DOT) to advertise their token. One other person identified that Rekt Fencer beforehand led a challenge referred to as Dropcoin, which capitalized on the airdrop pattern. The challenge, regardless of a big viewers, crashed 84% inside 24 hours of launch.
ZachXBT's Previous Investigations
ZachXBT beforehand accused crypto influencer and dealer Ansem of participating in pump and dump schemes; the 2 additionally engaged in a full of life dialog. ZachXBT first talked about Ansem whereas discussing Murad Mahmudov's “Memecoin Supercycle” discuss at Token 2049.
Mahmudov spoke about his technique to make important positive aspects from meme cash on Token2049 and Rekt Fencer spoke to X to elucidate how this technique could make thousands and thousands for buyers. Mahmudov predicted that Bitcoin would attain a valuation of $200 trillion, whereas meme cash could be valued at $1 trillion in three years.
Additionally learn: South Korea investigates KOK token crash, $3 billion misplaced
ZachXBT related Rekt Fencer, Mahmudov and Ansem, whereas the crypto neighborhood mentioned a bunch of influencers who allegedly rip-off buyers utilizing coin initiatives which can be shortly deserted after launch.
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