A ‘grifter’ made $430K on SCI6900 after name-dropping CZ
An alleged scammer with a history of crypto rug pulls has just made $430,000 shilling the SCI6900 token with the help of a post on X from former Binance CEO, Changpeng Zhao. Crypto sleuth “Dethective” recorded the trader, known as @SmokezXBT, buying sums of the memecoin Shanghai Composite Index 6900 (SCI6900) before shilling the token with various other crypto influencers. They then proceeded to dump their holdings for an hour before the price began to drop. However, they decided to buy some more of the token at 4:44am UTC time. The timing of this purchase is remarkable, as just over one minute and 34 seconds later, Zhao responded to a post promoting the token, asking, “Is this real?” From there, the market cap of the token shot from $3 million to almost $29 million in 10 minutes . Its price increased by 4,557% over the past 24 hours. Read more: Traders blame CZ for ending BNB memecoin season ZachXBT with the ‘grifter’ receipts ...