this post was submitted on 24 Jan 2025
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chapotraphouse
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Nah, it was definitely a rug pull. it didn't just randomly tank, insiders got a bunch of tokens either cheap or for free then were allowed to immediately dump when normal people could start buying, it was obviously intended to make insiders tons of money.
I also don't think crypto bros are the primary targets of celebrity and influencer crypto scams. Instead they're banking on that person's fanbase not knowing enough about crypto to see it's a scam. What personal role hawk tuah girl played i have no clue, but she has at least some responsibility for promoting it and putting her name on it.
admittedly I don't know any of the details and could be wrong. but are the kinds of people who listen to Talk Tuah really buying into these crypto grifts? seems like too much effort for your average normie. I just assumed most people who bought in are already into crypto trading and just throw money at whatever seems like it might take off
They sell it as being "part of a community" and normies absolutely have no concept of what's going on. The coin might as well be an NFT to them.