As a seasoned crypto investor with more than a decade of experience navigating the volatile and often mysterious digital asset markets, I’ve seen my fair share of questionable practices and shady deals. However, the recent allegations against popular influencer Jaypeg have left me utterly flabbergasted and disillusioned.
The creators of the “Uptober” meme coin believe that influential crypto figure Jaypeg misled people by organizing a fraudulent marketing scheme. This suspicion arises from claims that he was given tokens in exchange for promoting the project, sold those tokens without disclosing it, and then denied ever receiving the funds.
The Uptober team and their Telegram community stated that they had come to a deal with Jaypeg where they would publicize the memecoin, receiving 2% of Uptober’s total amount as payment, which was around $2,200 in value.
In a conversation on Telegram, the influencer agreed to the terms of the deal and was sent the money. However, he swiftly removed the wallet addresses he’d shared within the group, stating that the provided address was merely a placeholder and wasn’t his actual one.
The team reached out to online detective ZackXBT for investigation, who presented findings that disputed Jaypeg’s statements. This digital sleuth disclosed that the recipient of approximately $2,200 worth of Uptober tokens, starting with “8jpz1p,” was the same address that declared airdrops from the Solana Saga smartphone on January 10, 2024, following Jaypeg’s Solana Saga unboxing video post and mention of the airdrops by several hours.
Jaypeg asserts that the wallet address shared on the Telegram group was merely a “haphazard one,” causing the influencer to erase messages containing the address from the Telegram group.
As a researcher, I’ve come across claims made by a meme coin influencer, who alleged that the Uptober team was trying to extort or blackmail him. Subsequently, he issued a public statement of apology and reportedly transferred the funds to a charitable organization.
Memecoins take the crypto markets by storm
There’s no denying that meme-based cryptocurrencies have been shining stars in the digital assets world during this recent period. Financial analyst and social media influencer Murad Mahmudov posits that we’re currently witnessing the dawn of a “memecoin supercycle,” suggesting that the memecoin market could reach its peak by as late as 2025.
The surge in Solana’s (SOL) recent price increase is believed to be linked to the hype surrounding memecoins. As per Step Finance, an astonishing 633,357 new tokens have been minted on the Solana network since September 19, 2024.
Recent data from Google Search analytics indicates a surge in public interest towards memecoins, which is consistent with current investor trends. In the week of October 12, searches for memecoins reached nearly their peak levels seen in 2023, while searches related to Bitcoin (BTC) dropped to their lowest point in a year.
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2024-10-20 21:09