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- ZachXBT accused Rekt Fencer of selling pump and dump meme cash.
- Rekt Fencer was related to ANALOS BALLZ and CATDOG.
- Rekt Fencer additionally used to run a crypto venture referred to as Dropcoin.
ZachXBT, fairly a preferred crypto detective on X, has referred to as out crypto analyst and influencer Rekt Fencer for selling faux meme coin tasks, duping traders.
In an X put up, ZachXBT revealed that Rekt Fencer was concerned with meme coin tasks 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 spice up their perceived authenticity.
One X person identified that the individual behind Rekt Fencer was additionally paid by Polkadot (DOT) to advertise their token. One other person highlighted that Rekt Fencer beforehand ran a venture referred to as Dropcoin, which capitalized on the airdrop development. The venture, regardless of having a big following, crashed 84% inside 24 hours of its launch.
ZachXBT’s Earlier Investigations
ZachXBT beforehand accused crypto influencer and dealer Ansem of partaking in pump and dump schemes; the 2 engaged in a heated dialog as properly. ZachXBT first talked about Ansem whereas discussing Murad Mahmudov’s “Memecoin Supercycle” speech at Token 2049.
Mahmudov spoke about his technique to make vital features from meme cash at Token2049 and Rekt Fencer took to X to clarify how this technique could make traders tens of millions. Mahmudov has predicted that Bitcoin will attain a valuation of $200 trillion whereas meme cash shall be valued at $1 trillion in three years.
Learn additionally: 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 allegedly scamming traders utilizing meme coin tasks which might be shortly deserted after launch.
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