**Crypto Drama: ZachXBT vs. Zion Thomas Over Memecoin Scandals**
Blockchain investigator ZachXBT has publicly criticized crypto influencer Zion "Ansem" Thomas, accusing him of promoting numerous memecoin "pump and dumps." The clash erupted on X (formerly Twitter) on October 5, with ZachXBT alleging that Thomas shilled low-cap Solana (SOL) memecoins to his 507,000 followers, leading to significant losses for many.
Thomas defended his actions, pointing to a successful call on Dogwifhat (WIF), which surged from a $100,000 market cap to $4.8 billion. However, ZachXBT countered, highlighting the dramatic declines of other memecoins like BODEN, HOBBES, ZEUS, and WYNN.
The debate underscores the contentious nature of memecoins in the crypto world, with advocates touting high returns and critics warning of exploitative practices.