Jesse Pollak’s Base Beneath Hearth: Will Soulja Boy Crank That Robocop ZachXBT?

I want you a really Dumpmas and a bearish new 12 months! Heading into the brand new 12 months, Blockchain investigator ZachXBT is warning merchants to tread fastidiously after a brand new celebrity-backed memecoin tied to rapper Soulja Boy started circulating on Coinbase’s Base community.

The token drew recent consideration over the weekend after Jesse Pollak, a co-founder of Base, publicly shared that he had put roughly $1,500 value of

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Ethereum
ETH

$2,955.48


6.27%

Ethereum
ETH


Worth

$2,955.48

6.27% /24h





Quantity in 24h

$24.50B
<!–
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–>


Worth 7d

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Study extra

into the venture.

That disclosure instantly triggered backlash from on-chain sleuths accustomed to Soulja Boy’s crypto historical past.

“Why give SouljaBoy the platform to rip-off new folks,” ZachXBT wrote, linking to a 2023 investigation detailing a number of failed or deserted tokens beforehand endorsed by the rapper.

DISCOVER: High 20 Crypto to Purchase in 2025

Is Soulja Boy About To Pull a Rug? A Sample That Crypto Has Seen Earlier than

ZachXBT’s earlier analysis outlined at the least six tokens promoted by Soulja Boy throughout prior cycles, together with RapDoge, Orion, and SafeMars, all of which both rugged or quietly collapsed. The investigator additionally documented at the least 9 NFT collections launched by the rapper in 2021 that have been later deleted or did not ship promised utility.

In accordance with ZachXBT, Soulja Boy earned an estimated $730,000 from crypto promotions over the last bull market, charging as much as $12,000 per Instagram submit and $10,000 per X submit based mostly on a leaked charge card.

Soulja Boy moved shortly to comprise the fallout. In an announcement posted on X early Monday, the rapper, born DeAndre Cortez Approach, denied knowingly selling fraudulent crypto tasks and acknowledged lapses in judgment throughout his early forays into the house.

“I wish to be clear and clear,” he wrote. “I had no data {that a} scammer named Sahil was concerned or paying me to advertise something fraudulent. On the time, I used to be doing paid promos with out understanding the crypto and NFT house the best way I do now.”

Soulja Boy Responds, however Skepticism Lingers

The rapper additional added, “This was years in the past, and I’ve discovered so much since then. To anybody who invested and acquired damage, I’m genuinely sorry. That was by no means my intention.”

Hm, you recognize, this Soulja Boy man, I believe I belief him!

Not. Given the monitor report and restricted on-chain traction for previous Soulja-sponsored tasks, 99Bitcoins analysts recommend being cautious of this and different celebrity-endorsed cash.

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The submit Jesse Pollak’s Base Beneath Hearth: Will Soulja Boy Crank That Robocop ZachXBT? appeared first on 99Bitcoins.

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