Cryptocurrency Influencers Exposed: ZachXBT Unveils Scandalous Market Manipulation Schemes
ZachXBT's investigation reveals a two-part saga of deceit that sent shockwaves through the crypto community.
Part 1: The CBOT and BABYSHIB Token Scam
In the first part of this gripping exposé, TraderNJ1 and PetaByte come under scrutiny for their actions. These influencers shamelessly used other people's identities to acquire significant amounts of CompanionBot (CBOT) and Baby Shiba Inu (BABYSHIB) tokens. These tokens made up 8% and 3.5% of the supply, respectively. Deceptively, both influencers assured their followers that these tokens would skyrocket in value, promising gains of 10-20x.
As the prices of these tokens soared, these traders swiftly dumped their holdings, pocketing a staggering $115,000. Predictably, the value of CBOT and BABYSHIB plummeted, leaving their followers in financial turmoil. To make matters worse, these influencers denied any involvement in paid promotions. However, ZachXBT presented damning evidence in the form of screenshots showing their correspondence, exposing their unscrupulous behavior.
Part 2: The PAAL Price Pumping Scheme
The second chapter of this shocking saga revolves around TraderSZ and Trader_XO. TraderSZ received a substantial amount of PAAL tokens on August 10 when their price was a mere $0.028 according to CoinMarketCap. By early September, PAAL had reached an all-time high of $0.046. And then, like a house of cards, the token's value collapsed.
All four influencers actively promoted PAAL, enticing users to invest in this promising project. But as the price surged, they offloaded their holdings, profiting from their own followers' trust. Astonishingly, none of these influencers admitted guilt, leaving their followers disillusioned and betrayed. PetaByte even claimed to still hold his PAAL tokens, adding yet another layer of deception to this convoluted tale.
In a world where trust is currency, this exposé by ZachXBT serves as a stark reminder of the need for vigilance in the cryptocurrency realm. The actions of these influencers not only damaged the portfolios of their unsuspecting followers but also eroded the trust that is essential for the crypto space to thrive. As the crypto community reflects on this scandal, it is a clarion call for greater transparency, accountability, and due diligence in an industry where fortunes are made and lost in the blink of an eye. Remember, in the world of cryptocurrencies, trust, and verify should be the guiding principle.