WallStreetBets subreddit-related meme coin WSB plummeted 90% after member zjzWSB sold a large portion of tokens for 334 ETH worth $635k, triggering a mass selloff. The crypto community is shocked as WSB team rug pulled their own project after fighting against Wall Street Baby for several days.
WallStreetBets Rug Pulled WSB Project
On-chain sleuth ZachXBT in a tweet on May 4 revealed that zjzWSB dumped nearly 7 billion WSB tokens for 334 ETH ($635k). He reached out to seek clarification on another multisig signer for the 6.86 billion WSB transaction and found that zjzWSB created the transaction and mod OIP executed the sale. It is confirmed that zjzWSB and OIB are different persons.
Another day another meme coin rug this time involving ZJZ.eth from @wsbcoinofficial who suddenly dumped a large portion of the WSB team supply for $635k (334 ETH)
In Nov 2022 he messaged me
“I guess we should have been greedy amoral bastards instead ” pic.twitter.com/b9mfrZv0CD
— ZachXBT (@zachxbt) May 4, 2023
The tweets from zjzWSB revealed an internal spat between the WallStreetBets mods as he say WSBMod and WSB Ash don’t even belong to the popular subreddit WallStreetBets.
“I’ve had my issues with wsbmod but I see no reason to let bootleg shitcoins use our name unchallenged.”
PeckShieldAlert reported that another wallet that received 46.7 million WSB from zjzWSB also dumped for the tokens for 8.312 ETH.
As a result of mass dumping, WSB price fell 90% and the price is currently trading at $0.000066 from a 24-high of $0.000535.
Meanwhile, WSBMod gave zjzWSB a 4-hour deadline to contact him. He claims to file police and FBI report if zjzWSB fails to contact him. He remains hopeful about the return of funds to the treasury.
i assumed bc they were doxed, top mods of one of the largest subreddit, and putting their own reputations as mods and the subreddit’s reputation on the line that there was no risk of them doing anything like this
that was a huge mistake. i got scammed and they deserve jail time.
— WSBMod (@wsbmod) May 4, 2023
Also Read: US House Expedites Hearings On Crypto Regulations and Banking Failures
The post WallStreetBets-Related Memecoin Tumbles 90%, WSBMod Considers FBI Report appeared first on CoinGape.
- Mobile app
- Telegram Channel
- Telegram Group
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks