The founder of Jupiter, a decentralized trading platform in the Solana ecosystem, announced yesterday that it will cooperate with the well-known KOL Irene Zhao to launch the meme currency ASIANMOM. Jupiter will issue ASIANMOM through a new token activation mechanism.
Experimenting w CAT Launch MechanismsHappy to share that Jupiter will be collaborating with @Irenezhao_ to launch @iloveasianmom, experiment with new launch mechanisms to improve the memecoin meta, and hopefully give degens an on-chain mom to care for them when they are sad.⊠https://t.co/SH1k1A2zdu pic.twitter.com/eXGRLIJwNP
â meow ć” (@weremeow) July 22, 2024
However, while Jupiter's attempt to create a new meme distribution platform was a good one, its choice to collaborate with Irene Zhao brought it its fair share of criticism.
On-chain detective ZachXBT broke the news under the tweet that Irene Zhao is a habitual fraud criminal. In his previous project SO-COL (SIMP), he had deceived all early investors by conducting secret transactions with DWF, and she participated in the past KONOMI, IDK, SOCOL and other tokens have almost all returned to zero. It is difficult to understand why they would choose to cooperate with such a person.
In response, Irene Zhao posted on X:
"There have been a lot of false statements against me recently, and I will issue a statement. Thank you for your love (and hatred)."
Recently there has been a lot of false accusations against me. Iâll release a statement soon. Thanks for all the love (and hate)
â Irene Zhao (@Irenezhao_) July 23, 2024
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