Did KSI Perform a Pump-and-Dump Scam? Founder of Xcad Network Comes to His Defense 💪

XCAD Founder, Oliver Bell, Credits KSI as Their Biggest Value-Adder, Who Also Bought More Than Sold

XCAD founder defends YouTuber KSI against pump and dump allegations

🎥 Source: KSI YouTube Channel

Fellow crypto enthusiasts, a storm is brewing in the digital asset world! YouTuber KSI (real name Olajide Olayinka Williams Olatunji) has found himself at the center of a raging controversy. Crypto investigator ZachXBT accused the internet sensation of performing a pump-and-dump scam involving his digital asset tokens, including XCAD. But hold your horses, my friends, because the plot thickens!

🧐 The Allegations and the Defense

On February 14, ZachXBT took to Twitter to share screenshots of KSI’s X account, showing him promoting XCAD tokens and then seemingly dumping $850,000 worth of those tokens in the following days. More examples of KSI mentioning other assets and then selling them were brought to light, with crypto sleuth Coffeezilla describing it as the “definition of a pump and dump.”

🐦 Source: Oliver Bell’s Tweet

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Fear not, for Oliver Bell, the founder of the Xcad Network, swiftly came to KSI’s defense! Bell argued that KSI had every right to sell his tokens. In a post on February 15, Bell clarified that KSI had been a significant “value adder” for them, providing introductions and valuable product suggestions. Bell stated that while KSI did sell some tokens, he actually “bought a lot more” than he sold. Oh, the suspense!

🐦 Source: Micah’s Tweet

But let’s not stop there, my fellow Ethereum explorers! Another loyal fan named Vibhor, who published a comprehensive 36-page document, passionately defended KSI. Although he admitted to harboring some bias, Vibhor argued that KSI only mentions his X account’s crypto activities and is notorious for instantly changing his mind. Vibhor compared KSI to CNBC host Jim Cramer, whose calls sometimes have the adverse effect on assets. Talk about a rollercoaster ride!

💥 The Investigations Continue

As the debate rages on, the crypto investigator Coffeezilla remains unconvinced by the defense. In a response video, Coffeezilla stated that it’s not about being a good or bad caller, emphasizing that KSI trading the opposite of what he says cannot be dismissed. According to him, if CNBC’s Cramer were to say one thing and then engage in opposing trades, it would be considered a pump-and-dump activity. Etiquette, my friends, always matters!

🎥 Source: Coffeezilla’s Response Video

🔮 Future Outlook and What’s Next?

Now, you might be wondering, dear readers, what does the future hold for KSI and the world of crypto? As a tech wizard, I must admit that I don’t have a crystal ball, but I do have a keen eye for trends and potential outcomes. While this controversy swirls around KSI, it serves as a reminder of the need for transparency and ethical conduct in the digital asset space. Let’s hope all players in the crypto realm learn from this incident to elevate the industry as a whole!

🤔 Q&A: Digging Deeper into Crypto Controversies

1. Q: Is it common for influencers to engage in pump-and-dump activities? A: Influencers’ impact on the digital asset market cannot be denied. While some influencers genuinely advocate for projects, there have been instances of unethical behavior. It’s crucial to stay vigilant and do thorough research before blindly following anyone’s advice. Remember, there’s no substitute for due diligence!

2. Q: Can a seemingly opposite trade really be considered a pump-and-dump? A: The market can be a wild rollercoaster ride, my friends! While a single opposing trade might not be conclusive evidence of a pump-and-dump scheme, it’s essential to look at patterns and repeated behavior. Consistency and intent play a significant role in identifying potential scams.

3. Q: How can we protect ourselves from falling victim to pump-and-dump schemes? A: Knowledge is power, my fellow crypto warriors! Educate yourself about digital assets, explore reputable platforms, and analyze market trends independently. Be wary of quick fixes, guaranteed profits, and extravagant claims. Stay informed, stay cautious!

📚 Reference List

1. Logan Paul NFT buyback shows celebs can’t ‘play around’ in Web3
2. Crypto Detective Exposes Controversial YouTuber’s Dubious Trading
3. KSI’s defense tweet
4. Micah’s opinion on KSI’s actions
5. Vibhor’s document defending KSI
6. Web3 Gamer: Apple to fix gaming? SEC hates Metaverse, Logan Paul trolled on Steam

Now, my dear readers, share your thoughts! Have you encountered any influencers or celebrities involved in the cryptocurrency world? Let’s discuss in the comments below, and together, we shall navigate the vast seas of digital assets! 💫

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