THELOGICALINDIAN - The Million badge launched aftermost Thursday and has already apparent massive amount swings
TechLead, a YouTuber with over 1.1 actor subscribers, has been accused of scamming his association afterwards he launched his own cryptocurrency.
TechLead Accused of Duping Followers
TechLead, a above Google and Facebook agent angry YouTuber with over 1.1 actor followers, has been accused of administering a pump-and-dump betray with his anew launched cryptocurrency “Million.”
The token, which launched Jul. 1, has a adamantine cap of one actor tokens. TechLead claims the badge amount cannot abatement beneath $1 as anniversary badge is backed by $1 of his own money. On its website, it’s declared as “A Decentralized Digital Currency for Millionaires by Millionaires.”
Since the launch, TechLead has aggressively answer the badge on his amusing media channels. In a YouTube video uploaded on the day the badge was fabricated accessible for trading, TechLead told his followers:
“We’re activity to the moon. We’re activity to the moon, that’s right. I mean, we’re activity to be rich, you guys. I don’t see how we can not be rich.”
The Million token, which started trading at $1, saw massive advance over the abutting three days, ascent over 3,500% from its barrage price, according to abstracts from Uniswap. However, the bliss was short-lived, and by the morning of Jul. 4, the amount had started to collapse. Million is currently bottomward 64% from best highs.
Following the crash, accusations of a pump-and-dump betray started arising on Twitter. Those afterward the bearings were quick to agenda that ample amounts of clamminess had been taken off Uniswap by the same address that minted the Million tokens.
At the aforementioned time, other users begin that a ahead abeyant annual had bought over $100,000 account of Million tokens afore the amount increase.
Despite the amount collapse and accusations that the activity is a scam, TechLead is acceleration bottomward on the Actor token. In a cheep acquaint Sunday night, he declared a $100 actor amount ambition for the badge and apprenticed his followers that they should “START PACKING YOUR SPACESUIT, STOP WHINING AND START HELPING.”
https://twitter.com/techleadhd/status/1411859589155282947?s=20
In announcement the badge to his followers with references to affirmed amount gains, TechLead may accept additionally abandoned the Securities and Exchange Commission’s regulations. The SEC is yet to animadversion on the activity.
Other online influencers accept been accused of agnate antics in contempo weeks. Esports alignment FaZe Clan afresh alone one affiliate and abeyant three afterwards their involvement in an declared pump-and-dump scheme.
Disclosure: At the time of writing, the columnist of this affection endemic BTC and ETH.
