Blockchain investigator Zachary Wolk, also known as ZachXBT, has criticized crypto influencer Zion “Ansem” Thomas for allegedly promoting a series of memecoin “pump and dumps.” The confrontation between Wolk and Thomas on October 5 revolved around Wolk's accusations of Thomas endorsing various “low cap” Solana memecoins. Wolk accused Thomas of lacking a genuine market advantage and instead relying on promoting coins to his followers. Thomas defended himself by highlighting the success of his calls, such as Dogwifhat (WIF), compared to traditional utility tokens like Chainlink (LINK). The debate escalated with Wolk accusing Thomas of promoting numerous low-cap coins, including celebrity memecoins. The discussion sheds light on the ongoing debate within the crypto community regarding the value and risks associated with memecoins, contrasting their perceived high returns with concerns of exploitation and market manipulation. Read more AI-generated news on: https://app.chaingpt.org/news