CryptoxKulture retweeted
One of crypto's largest KOLs has been secretly extracting millions from his audience
We’ll expose him soon
Unfortunately, he’s just a symptom of a much bigger problem
Social trading has brought out the worst in KOLs. It was designed to keep them honest by making every trade public. In reality, the opposite happened
In just a few weeks, we exposed a number of "top social traders" using the same tricks:
• Public wallets to attract copy traders
• Side wallets to dump
• Callouts to farm rewards
• Bundled tokens to hide supply
And there are plenty more doing the exact same thing
Why? Because our industry incentivizes it
1) Launchpads allow it
Most launchpads today are obsessed with one thing: volume. Millions in callout rewards, affiliate links, and top leaderboards. Almost nothing on detecting bundles, side wallets, or shady traders. Scams drive volume. Launchpads have no reason to stop it (other than actually caring about their users)
2) Social trading incentivizes it
Side wallets have become a business model. Before social trading, only big KOLs could do it. Now, anyone who lands on a leaderboard can monetize by dumping on their copy-traders. The temptation is real
3) CT normalizes bundle culture
“Everyone bundles. It's how it's done" - an excuse we hear every time we expose a KOL. Supply control isn't the problem. Hiding it is. If it's so bullish, why hide it? Spoiler: because you're planning to sell
***
Launchpads are paying millions to dishonest KOLs. It's time they start taking it seriously
Audit the top traders. Expose their side wallets. Ban repeat offenders
We have the tools. What's missing is the willingness to use them
No one's coming to save us
Hopefully now we see the death of the memecoin space (pump.fun) and Kols in crypto. Honestly has been the worst scammer filled section of crypto. One of the main reasons people look at crypto as a junk field.
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CryptoxKulture retweeted
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Not understanding why Masters is slept on for FW. Artwork is dope. Another added to the collection.
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Love seeing the timeline get cooked on yugioh 😂 trying to hype and scalp this new set 😷
Hit rates are atrocious. Keep throwing that $30 down the drain, as they continue to print more.
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I’m sure I’m gonna see nothing but the palword TCG. While I watch crypto dudes pump their next scam pump.
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If I find a good entry on $RONKE @RonkeOnRon I’m full sending.
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The best thing is seeing @RonkeOnRon rise because there is literally nothing else to invest in on @Ronin_Network. You either lose all your money holding $RON or buy $RONKE. Reaching levels of death spiral.
Bagworking with solana:2jz9E5JrEbxLg1RhU68aaSikDvpQurCEZz9BBF9rpump has caused me generational debt.
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Nobody else were buying these here. Grabbed a few @Azuki and @vibes_tcg
Let me know if anyone wants a box. Was actually a lot.
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