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Social media celeb Logan Paul has allegedly been uncovered within the newest cryptocurrency “rip-off,” after pushing the brand new ‘Dink Doink’ token to his viewers whereas reportedly having a hand in creating it.
Cryptocurrency drama continues to land lots of the web’s largest names in sizzling water. Simply days after the backlash to FaZe Kay’s involvement with the ‘Save The Children’ token, Logan Paul has now been uncovered for a “rip-off” of his personal.
Often called the ‘Dink Doink’ token, this new crypto coin emerged with targets of creating a “decentralized media franchise.” By way of this mannequin, those that ‘buy-in’ are granted new non-fungible tokens (NFTs) with every episode of a Dink Doink net collection, a present blatantly taking after South Park.
Whereas Paul and lots of of his shut mates have been selling this new cryptocurrency to their followers as the following huge factor, YouTube ‘detective’ Coffeezilla has allegedly revealed the “advertising and marketing rip-off” for what it truly is.
that is the dumbest, most ridiculous shitcoin I’ve ever seen. And that’s why I’m all in 📈 https://t.co/NwD0pTO4dQ
— Logan Paul (@LoganPaul) June 28, 2021
“That is the dumbest, most ridiculous s***coin I’ve ever seen. And that’s why I’m all in,” Paul tweeted on June 29, the day the coin launched. “It is a s***coin I imagine in,” he quickly adopted up in Dink Doink’s unique Telegram chat room.
“It’s my favourite one to be sincere, it’s a lot greater than a memecoin.”
It was later described as “the most popular coin of 2021” by Impaulsive co-host Mike Majlak in a promotional video of his personal. “With the most popular performance, and the entire most built-in, methods, techniques, and capabilities, Dink Doink is evident to be the most popular f***ing coin ever. We will go to the highest of this complete market.”
Dink Doink’s peak worth got here on the day of its public launch. Ever since, it’s been on a regular decline. On the time of writing, it sits at rank #3098 on CoinMarketCap, making it one of many least invaluable cryptocurrencies right this moment.
This new shitcoin that Logan Paul and his goons are selling is owned virtually utterly by whales. 80% is owned by the highest 100 wallets.
Good job ripping off your followers fellas pic.twitter.com/Ldf1uvp3JW— Coffeezilla (@coffeebreak_YT) June 28, 2021
Whereas these promotional movies pushed the coin to hundreds of thousands world wide, Coffeezilla uncovered simply how concerned Paul and Majlak have been from day one.
At Dink Doink’s launch, “80% [was] owned by the highest 100 wallets,” he revealed. “Good job ripping off your followers fellas.”
Not solely have been they heavy buyers, however Paul himself allegedly helped design the token. “We would as effectively be sincere about how this happened,” Dink Doink’s CEO mentioned in a podcast. “I used to be chilling with Logan and we have been like, what’s essentially the most stupidest title we will consider for a coin? Dink Doink… and it simply got here alive.”
“Logan designed the character on his telephone, on Snapchat,” the CEO added.
Finally, Dink Doink is “simply one other rip-off from one other celeb influencer,” Coffezilla confused.
Paul is but to touch upon his reported involvement with Dink Doink’s creation.
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