Cryptocurrency turmoil! ZachXBT accuses Ansem of “pumping and dumping” Memecoin, investors need to be wary!

Cryptocurrency detective ZachXBT recently launched a fierce attack on influencer Zion “Ansem” Thomas on social media, accusing him of using his influence to promote hundreds of low-market memecoins to fans, claiming that such behavior may cause violent price fluctuations and damage interests of ordinary investors.

In a debate on October 5, Volcker and Thomas got into a heated debate over Thomas’ role in promoting the low-market memecoin. Walker pointed out that Thomas' actions reflect that he has no real market advantage and is instead taking advantage of his fan base. Thomas countered by emphasizing that the tokens he promoted had historically achieved significant returns, arguing that this did not amount to fraud.

Volker further accused Thomas of peddling multiple low-priced coins named BODEN, HOBBES, ZEUS, and WYNN, suggesting this could expose many followers to losses. Although Thomas argued that these tokens attracted a large number of retail transactions, data shows that the price of many memecoins has fallen by nearly 99% from their all-time highs.

As memecoins gain popularity in the crypto market, the debate between supporters and critics has intensified. While investors are chasing short-term profits, they should also be cautious in facing the high volatility and potential risks of the market.

Follow Lao Lin, grasp market trends, and make wise investment decisions! Are you up for the challenge in this crypto craze? Let us welcome opportunities together and gain insight into future investment trends!

#HBO纪录片或揭示中本聪身份 #非农人数大幅升温 #加密市场反弹 #SHIB/𝗨𝗦𝗗𝗧 #WIF王者归来 $PEPE $BONK $DOGE