ZachXBT, a detective on the chain, tweeted that SHAR, the Meme token on Solana, is involved in cabal and KOL trading. The token went live last night and its highest market value exceeded $50 million, before plummeting to a market value of $3 million, a drop of 95%. According to leaks from the promotion platform, the project claims that "50 Tier 1 KOLs have joined".
In response to this, KOL 0xSun tweeted, "I did accept the cooperation for this project, but the reason for choosing the cooperation is that after reading the information at the beginning, I felt that this project is more reliable and there are opportunities to make money, not just for the promotion cost. Next, on the one hand, I will contact CLS and some friends who may know the information of the project party, and try to ask the project party to compensate and recover the loss. On the other hand, I will try my best to prevent such cooperation. In the future, I will make it clear that the paid promotion cooperation will be open and transparent."
ZachXBT: Meme Token SHAR on Solana Involves Cabal and KOL Trader
2024-10-24 02:12:20
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