WallStreetBets subreddit-related meme coin WSB plummeted 90% after member zjzWSB bought a big portion of tokens for 334 ETH price $635k, triggering a mass selloff.
The crypto group is shocked as WSB staff rug pulled their very own undertaking after combating towards Wall Road Child for a number of days.
WallStreetBets Rug Pulled WSB Undertaking
On-chain sleuth ZachXBT in a tweet on Could 4 revealed that zjzWSB dumped almost 7 billion WSB tokens for 334 ETH ($635k). He reached out to hunt clarification on one other multisig signer for the 6.86 billion WSB transaction and located that zjzWSB created the transaction and mod OIP executed the sale. It’s confirmed that zjzWSB and OIB are completely different individuals.
One other day one other meme coin rug this time involving ZJZ.eth from @wsbcoinofficial who instantly dumped a big portion of the WSB staff provide for $635k (334 ETH)
In Nov 2022 he messaged me
“I suppose we should always have been grasping amoral bastards as a substitute 😔” pic.twitter.com/b9mfrZv0CD
— ZachXBT (@zachxbt) May 4, 2023
The tweets from zjzWSB revealed an inner spat between the WallStreetBets mods as he stated WSBMod and WSB Ash don’t even belong to the favored subreddit WallStreetBets.
“I’ve had my points with wsbmod however I see no cause to let bootleg shitcoins use our title unchallenged.”
PeckShieldAlert reported that one other pockets that acquired 46.7 million WSB from zjzWSB additionally dumped the tokens for 8.312 ETH.
On account of mass dumping, WSB worth fell 90% and the worth is at present buying and selling at $0.000066 from a 24-high of $0.000535. WSB members had been just lately speaking about taking up the PEPE coin hype with its meme coin WSB and different tokens claiming to be associated to WallStreetBets are rug pulls.
In the meantime, 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 stays hopeful concerning the return of funds to the treasury.
i assumed bc they had been doxed, prime mods of one of many largest subreddit, and placing their very own reputations as mods and the subreddit’s fame on the road that there was no threat of them doing something like this
that was an enormous mistake. i obtained scammed and so they deserve jail time.
— WSBMod (@wsbmod) May 4, 2023
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