Crypto Influencer Ansem Accused of Promoting Memecoin ‘Pump and Dumps’ By ZachXBT

Zachary Wolk, referred to as ZachXBT, has publicly accused crypto influencer Zion “Ansem” Thomas of selling a collection of low market cap memecoins.

Zachary Wolk, referred to as ZachXBT, has publicly accused crypto influencer Zion “Ansem” Thomas of selling a collection of low market cap memecoins, alleging that this habits might result in important monetary losses for his followers.

In an change on X on October 5, Wolk claimed that Thomas has been concerned in a sample of shilling what he termed “a whole lot” of those tokens, which are sometimes characterised by their speculative nature.

Wolk criticized Thomas for his deal with low-cap memecoins, suggesting that such promotions point out an absence of legit market perception. He emphasised the potential dangers related to influencers selling these cash, noting that Thomas, with over 507,000 followers, holds appreciable sway out there.

Thomas defended his actions, highlighting a notable occasion the place he promoted the memecoin Dogwifhat (WIF), which surged from a $100,000 market cap to $4.8 billion in worth.

He argued that this success was extra impactful than selling utility tokens like Chainlink (LINK), which have seen substantial declines.

Wolk countered by naming particular low-cap cash that Thomas promoted, together with BODEN, HOBBES, ZEUS, and WYNN, a lot of which have skilled important drops from their all-time highs. BODEN, as an illustration, is down almost 99% since its peak.

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