🌟 Context: ViruSs stepped into cryptocurrency
Around mid-2021, Đặng Tiến Hoàng (also known as ViruSs) – a famous streamer and YouTuber in Vietnam with millions of followers – began to venture into the cryptocurrency field.
🖥️ He participated in promoting the Zuki Moba project, an NFT game with its own cryptocurrency called ZUKI. ViruSs is believed to be closely related to this project through KV Ventures, the investment fund he co-founded.
💰 With a significant influence from the fan community, he often shared about ZUKI on TikTok, YouTube, and other platforms, encouraging people to invest when the coin price fluctuated between 0.2-0.3 USD. 📈 Many people, especially new investors (F0), were attracted by this call and rushed to buy ZUKI.
🚨 Developments: Coin price plummets - controversy erupts
Things began to heat up at the end of 2021 when the price of ZUKI suddenly dropped sharply after being "shilled" (enthusiastically promoted) by ViruSs. According to CoinMarketCap, the price of ZUKI plummeted to around 0.0879 USD, causing the project's market capitalization to evaporate nearly 7 million USD.
📉 The investment community began to question: Did ViruSs "pump the price" and then "dump the coin" for profit, or was this just a natural market fluctuation? 🤔
The situation escalated when Trần Văn Phúc (Zet Under), a well-known investor and administrator of the Phố Tài Chính community on Telegram, publicly criticized ViruSs. Zet Under left a comment under ViruSs's video: "With less than 3 months of market experience, you're already chasing after the chickens," implying he lacks experience and is manipulating.
🔥 ViruSs did not remain silent but responded by posting 3 videos on YouTube, explaining that he did not "pump" anyone and even accused Zet Under of having previously committed financial fraud.
🎥 However, the pressure from public opinion was too great, and ViruSs subsequently deleted all these videos, causing many to become even more suspicious. 😶
🏁 Result: ViruSs withdrew and the lesson left behind
On December 25, 2021, ViruSs officially announced his withdrawal from KV Ventures and ceased participating in the Zuki Moba controversy.
🚪 He also reduced his cryptocurrency-related activities on social media, refocusing on his streamer work and content production. Meanwhile, the Zuki Moba project and the ZUKI coin continued to lose appeal, leaving many small investors with significant losses. 💸
This incident has sparked heated debates about the responsibilities of KOLs (key opinion leaders) in the cryptocurrency market in Vietnam. Experts like Nguyễn Hoàng Hưng warn that making specific price predictions without prudent advice can push investors into FOMO (fear of missing out) and lead to significant losses.
⚠️ This is also a reminder to the community: it is necessary to do thorough research (DYOR - Do Your Own Research) instead of blindly trusting celebrities.
