UFC fighter Khamzat Chimaev came under scrutiny for his involvement in a crypto scandal involving a Solana-based memecoin named Smash. After promoting the coin to his substantial social media following, Chimaev allegedly orchestrated a “crypto rug pull,” causing the coin’s value to plummet dramatically within just 24 hours.
Initially, Smash reached a value of 0.01 SOL ($1.35), but following a massive sell-off reportedly triggered by Chimaev, the value dropped by over 91% to 0.004 SOL ($0.53) per token. This incident has led to accusations of a pump and dump scheme, where the fighter and possibly his team are believed to have profited by up to $1 million from unsuspecting investors.
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🚨MARKET ALERT: Bitcoin and US Stocks Set to CRASH, Energy Prices Ready to 🚨
🚨 MARKET ALERT: Bitcoin and US Stocks Set to CRASH, Energy Prices Set to RISE! 🚨 The financial world is on the brink of a major upheaval, with early signs that Bitcoin and U.S. stock markets could fall sharply. Meanwhile, energy prices are poised for an explosive spike that could send shock waves through the global economy.