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.

Details from crypto investigator ZachXBT and blockchain transaction records suggest that insider wallets played a key role in this manipulation, damaging Chimaev’s reputation amidst his rise in the UFC. #MemeCoinTrending   #BTCBreaks66K #BNSOL   #BinanceBlockchainWeek #BTCUptober