PANews reported on November 5 that crypto detective ZachXBT responded to the speculative frenzy triggered by his ERC-20z token. Previously, user notzachxbt claimed that ZachXBT deployed the ERC-20z token on the Base network on August 19, 2024, and due to the demand from the Zora protocol in the secondary market, the price skyrocketed to $1100, an increase of more than 3000 times from the initial price. The token has been cross-chained to Solana by ZachXBT's fans, forming a community.
ZachXBT stated in response that the Zora interface did not indicate to creators that ERC-20 tokens would be issued simultaneously after the NFT minting ended. He emphasized that he did not intend for people to speculate on his investigative work, and in the future, may issue more tokens indefinitely to dilute the existing token, or replace current works with blank images to prevent speculative behavior. He mentioned that his original intention was simply to permanently preserve a free digital collectible.