ZachXBT Reveals Sketchy NFT Activity of Rapper Soulja Boy

ZachXBT Reveals Sketchy NFT Exercise of Rapper Soulja Boy

April 20, 2023 Off By lordanime37

ZachXBT has uncovered some stunning information relating to American rapper Soulja Boy and his NFT exercise. After conducting a web based investigation, ZachXBT has revealed that Soulja Boy has been scamming individuals. Considerably, the rapper has supported 16 NFT drops and 73 promotions on Twitter. This information is inflicting fairly a stir within the NFT neighborhood. So, what’s really taking place?

ZachXBT Reveals Sketchy NFT Activity of Rapper Soulja Boy
Soulja Boy Underneath Fireplace for Allegedly Collaborating in Pump-and-Dump Schemes with NFTs.

Soulja Boy Accused of NFT Scams

As NFTs proceed to surge in reputation, so do the instances of scams and fraudulent actions. Soulja Boy is the most recent celebrity to be accused of taking part in these questionable NFT-related practices. Current studies have revealed that the rapper has been selling his NFT drops and attractive his followers to spend money on them. Subsequently, he abandons them quickly after in what appears to be a basic pump-and-dump scheme. In the end, his conduct has left his loyal supporters with nugatory investments. It’s clear that with the rising reputation of NFTs, there’s an pressing want for extra transparency and accountability within the business.

Let’s check out some examples. In July 2021, Soulja Boy, together with Quavo and Lil Yachty, promoted the NFT challenge RapDoge. This was then canceled and triggered important losses for traders. One other occasion of such a rip-off was ParrotsDAO. The challenge was introduced someday after which rug-pulled the subsequent, leaving many traders within the lurch. The rapper’s involvement in Flokinomics promotion, which turned out to be a rip-off, additionally got here below scrutiny.

picture of soulja boy's NFT promotion tweet

Reckless NFT Promotions Increase Purple Flags within the Neighborhood

Regardless of earlier controversies and failures, Soulja Boy has continued to provide and promote NFTs. On-chain sleuth, ZachXBT, revealed that the rapper charged as much as $12,000 for Instagram promotions and $10,000 for Twitter advertisements in the course of the earlier cryptocurrency bull run. This means that he could also be extra serious about earning profits than the pursuits of his followers.

In the end, the neighborhood has grow to be more and more involved about Soulja Boy’s actions and his willingness to take part in such fraudulent actions. The rise of NFTs has led to an increase in scams, and it’s important for celebrities to be conscious of their actions and promote tasks responsibly. The neighborhood hopes that Soulja Boy will take accountability for his actions and take steps to revive his followers’ belief.

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