**Crypto Drama: Jaypeg Accused of Uptober Scam**

The Uptober memecoin team has accused popular crypto influencer Jaypeg of a promotional scam. Allegedly, Jaypeg received 2% of Uptober's supply, worth around $2,200, to promote the coin but then sold the tokens and denied receiving them.

- The Uptober team and their Telegram group claimed Jaypeg accepted the deal but later deleted the wallet address from the group, calling it "random."

- Onchain investigator ZackXBT found evidence linking the wallet to Jaypeg, including airdrops from a Solana Saga smartphone.

Jaypeg insists the address was random and accuses the Uptober team of blackmail. He has publicly apologized and claims to have donated the money to charity. The wallet address is believed to belong to Jaypeg, according to Solscan.

**Memecoins Surge in Popularity**

Memecoins are gaining traction, with analysts like Murad Mahmudov predicting a memecoin supercycle peaking by late 2025. This speculation has boosted Solana (SOL) prices, with over 633,357 new tokens created on the network since September 2024.

Google Search analytics show a spike in memecoin interest, nearing all-time highs, while Bitcoin (BTC) searches hit a 1-year low.