UFC Star Khamzat Chimaev Ventures into Crypto with Memecoin
Undefeated UFC superstar Khamzat Chimaev, known for his hiatus from fighting, has now dipped his toes into the world of cryptocurrency by launching his own meme coin.
Chimaev’s Crypto Journey
- After seeking advice from fans on which cryptocurrency to invest in, Chimaev followed the trend of launching his own token.
- The fighter introduced a meme coin called “SMASH,” inspired by his rallying cry to “smash everyone.”
- However, the coin’s value plummeted rapidly after its launch, akin to Chimaev’s swift victories in the octagon.
Questionable Cryptocurrency Practices
- The sudden drop in SMASH’s value raised suspicions of a pump-and-dump scheme orchestrated by Chimaev and his team.
- Blockchain analysis revealed connections between insider wallets associated with the token and the fighter’s development team wallets, indicating foul play.
- Further investigation pointed to wallet movements involving substantial transactions following Chimaev’s promotional tweets.
Consequences and Backlash
- Following accusations of potential scamming, Chimaev removed all crypto-related tweets, including those related to SMASH.
- Critics and crypto veterans called out the fighter for alleged unethical practices in the cryptocurrency market.
- Chimaev’s focus now shifts back to his UFC career, with fans eagerly anticipating a showdown against Robert Whittaker in the octagon.
Hot Take: Proceed with Caution in Crypto Investments
As a crypto enthusiast, it’s essential to exercise caution and conduct thorough research before diving into any new investment opportunities. Stay informed, stay vigilant, and always prioritize transparency and credibility in the crypto space.
Sources:
By
By
By