SNEAK PEEK

  • An influencer with 60k followers creates meme coin and deletes all tweets and rugs, leaving followers angry and betrayed.

  • It’s crucial to do your due diligence and make informed decisions when investing in cryptocurrencies.

  • This situation serves as a cautionary tale for those tempted to follow in the influencer’s footsteps.

In the world of social media, influencers hold a lot of sway over their followers. They can promote products, services, and even cryptocurrencies. Recently, a popular influencer with 60,000 followers created their own meme coin and hyped it up for days. However, just as quickly as it appeared, it disappeared.

According to on-chain sleuth ZachXBT, the influencer promoted their new meme coin with gusto, tweeting about it frequently and encouraging their followers to invest. The coin gained popularity quickly, with many people jumping on board.

Influencer with 60k followers creates their own meme coin then deletes all tweets and rugs after hyping it up for days. pic.twitter.com/8p9YjCC7ng

— ZachXBT (@zachxbt) May 1, 2023

However, just as quickly as it appeared, the influencer deleted all of their tweets about the coin and pulled the rug out from under their followers. This left many people feeling angry and betrayed, as they had invested their hard-earned money based on the influencer’s recommendation.

This situation highlights the dangers of blindly following influencers without doing your own research. Just because someone has a large following doesn’t necessarily mean that they have the user`s best interests at heart. It’s important to do due diligence and make informed decisions when it comes to investing in cryptocurrencies, as several experts in the field and regulators at large have highlighted.

While it’s unclear what motivated the influencer to create and then rug their own meme coin, it serves as a cautionary tale for those who may be tempted to follow in their footsteps. Investing in cryptocurrencies can be lucrative, but it’s important to do so wisely and with a clear understanding of the risks involved.

However, instead of taking responsibility for their actions, the influencer allegedly played the victim and made excuses for their behavior. Despite admitting to deceiving their followers, the influencer reportedly refused to accept any criticism, instead blaming their own lack of experience in the cryptocurrency world for the debacle.

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