Scottie Pippen redoubled his efforts to build confidence in Ethereum after crypto experts and observers pointed out suspicious activity.
Pippen’s Ethereum-based BALL Project launched The community was outraged by Pippen’s announcement on X, which was posted Aug. 2. Pippen announced the initiative on X. Users immediately added notes warning investors that they should avoid this so-called “real-world asset” initiative.
ZachXBT, a crypto sleuth, pointed out that the BALL address was similar to a wallet which had been used in at least two scams known as rug pulls on web3. ZachXBT noted that Pippen had launched a non fungible token in the NFT’s twilight period of 2022. This failed, and was widely considered to be another rug-pull.
A crypto-observer provided information showing that Pippen dumped $330,000 in BALL tokens and his developer wallet all at once. The six-time NBA Champion claimed Ether as a response.ETHThe amount of liquid funds withdrawn was () “mitigate attacks” The crypto-community has been examining the situation with great concern.
Pippen’s post did not quell the doubts as users on social media responded with statistics showing BALL insiders control over 15% of its supply.
Web3 has not been discouraged by the failure of some projects or controversy over celebrity crypto projects. The majority of launches are on Solana.SOL). Crypto.news has reported that 30 celebrities have created memecoins debuted on Solana last month. The majority of projects have failed leaving many users upset and growing animosity towards the popular personalities entering the space.
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Source: crypto.news
