{"id":761,"date":"2024-10-06T18:32:16","date_gmt":"2024-10-06T18:32:16","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=761"},"modified":"2024-10-06T18:32:16","modified_gmt":"2024-10-06T18:32:16","slug":"crypto-influencer-ansem-called-out-by-zachxbt-for-scam-tactics","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=761","title":{"rendered":"Crypto Influencer Ansem Called Out By ZachXBT For Scam Tactics"},"content":{"rendered":"
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On-chain investigator ZachXBT has accused well-known influencer Ansem of operating pump-and-dump memecoin scams in the most recent crypto contrroversy. The conflict started after prominent cryptocurrency personality Murad Mahmudov\u2019s statement spurred discussion over the emergence of meme coins in the current market cycle.<\/p>\n

A Twitter storm kicked off when Mechanism Capital\u2019s Andrew Kang suggested Mahmudov\u2019s speech might\u2019ve triggered a new wave of memecoin<\/a> investments. That\u2019s when ZachXBT stepped in, and things got heated fast.<\/p>\n

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It seems as if @MustStopMurad<\/a>\u2018s talk at Token2049 has catalyzed the next wave of capital reallocation into memecoins<\/p>\n

Popcat seems to be one of the beneficiaries of these capital flows \u2013 now in price discovery<\/p>\n

Setting up to join the 4 greats of this cycle \u2013 BONK, WIF, PEPE,\u2026 pic.twitter.com\/MLap3FwbZ9<\/a><\/p>\n

\u2014 Andrew Kang (@Rewkang) October 5, 2024<\/a><\/p>\n<\/blockquote>\n

The Dark Side Of Memecoin Promotion<\/strong><\/h2>\n

ZachXBT<\/a> didn\u2019t pull any punches. He accused big-name influencers like Ansem of repeatedly pumping new low-cap memecoins because they lack real trading skills. According to Zach, they\u2019re just using their followers to make quick profits. When someone with over 500,000 followers talks about a tiny crypto project, it can send the price skyrocketing. But once they stop talking about it, the price often crashes back down, leaving regular investors holding worthless tokens.<\/p>\n

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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

\u2014 ZachXBT (@zachxbt) October 5, 2024<\/a><\/p>\n<\/blockquote>\n

Crypto Influencer Fires Back<\/strong><\/h2>\n

Ansem would have none of it. In defense of himself, he asserted that talking about minor cryptocurrency<\/a> initiatives is perfectly acceptable. He even boasted about his work with WIF, a memecoin whose value increased from $100,000 to $5 billion. Zach, nevertheless, didn\u2019t take long to remind him of the numerous other coins he had advertised that turned out to be worthless.<\/p>\n


\nThe Bigger Picture<\/strong><\/p>\n

This fight isn\u2019t just about two guys arguing on Twitter. It shows a real problem in the crypto world. Influencers have enormous power to move markets, especially for smaller cryptocurrencies. While some say they\u2019re just giving people what they want \u2013 after all, memecoins are super popular right now \u2013 others worry they\u2019re taking advantage of their followers.<\/p>\n

ZachXBT describes his role as an exposer of frauds to people and helping to get funds that have been stolen back. ZachXBT is one of the better-known bad guy trackers in crypto, as well as raising warnings about dangerous investments, and that Ansem is focused on potential profits, noting that he\u2019s helped people much more than he\u2019s hurt them by offering trading opportunities.<\/p>\n

The debate raises tough questions about what\u2019s right and wrong in crypto promotion. When does sharing investment ideas cross the line into manipulation? It\u2019s especially tricky because the crypto market isn\u2019t as regulated as traditional finance.<\/p>\n

As the argument was beginning to wind down, Ansem made a final attempt to get the last word in, stating that Zach was \u201cexaggerating\u201d and that they could \u201cgo back and forth on memes all day.\u201d But at this point, the damage was done. This thread pulled the curtain back on the sometimes murky world of crypto influencers and the power these influencers wield over investment decisions among their faithful.<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

On-chain investigator ZachXBT has accused well-known influencer Ansem of operating pump-and-dump memecoin scams in the most recent crypto contrroversy. The conflict started after prominent cryptocurrency personality Murad Mahmudov\u2019s statement spurred discussion over the emergence of meme coins in the current market cycle. A Twitter storm kicked off when Mechanism Capital\u2019s Andrew Kang suggested Mahmudov\u2019s speech […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-761","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=761"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/761\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}