Crypto Influencer Ansem Called Out By ZachXBT For Scam Tactics

Source Bitcoinist

On-chain investigator ZachXBT has accused well-known influencer Ansem of operating pump-and-dump memecoin scams in the most recent crypto contrroversy. The conflict started after prominent cryptocurrency personality Murad Mahmudov’s statement spurred discussion over the emergence of meme coins in the current market cycle.

A Twitter storm kicked off when Mechanism Capital’s Andrew Kang suggested Mahmudov’s speech might’ve triggered a new wave of memecoin investments. That’s when ZachXBT stepped in, and things got heated fast.

The Dark Side Of Memecoin Promotion

ZachXBT didn’t pull any punches. He accused big-name influencers like Ansem of repeatedly pumping new low-cap memecoins because they lack real trading skills. According to Zach, they’re just using their followers to make quick profits. When someone with over 500,000 followers talks about a tiny crypto project, it can send the price skyrocketing. But once they stop talking about it, the price often crashes back down, leaving regular investors holding worthless tokens.

Crypto Influencer Fires Back

Ansem would have none of it. In defense of himself, he asserted that talking about minor cryptocurrency initiatives is perfectly acceptable. He even boasted about his work with WIF, a memecoin whose value increased from $100,000 to $5 billion. Zach, nevertheless, didn’t take long to remind him of the numerous other coins he had advertised that turned out to be worthless.

The Bigger Picture

This fight isn’t just about two guys arguing on Twitter. It shows a real problem in the crypto world. Influencers have enormous power to move markets, especially for smaller cryptocurrencies. While some say they’re just giving people what they want – after all, memecoins are super popular right now – others worry they’re taking advantage of their followers.

ZachXBT describes his role as an exposer of frauds to people and helping to get funds that have been stolen back. ZachXBT is one of the better-known bad guy trackers in crypto, as well as raising warnings about dangerous investments, and that Ansem is focused on potential profits, noting that he’s helped people much more than he’s hurt them by offering trading opportunities.

The debate raises tough questions about what’s right and wrong in crypto promotion. When does sharing investment ideas cross the line into manipulation? It’s especially tricky because the crypto market isn’t as regulated as traditional finance.

As the argument was beginning to wind down, Ansem made a final attempt to get the last word in, stating that Zach was “exaggerating” and that they could “go back and forth on memes all day.” But at this point, the damage was done. This thread pulled the curtain back on the sometimes murky world of crypto influencers and the power these influencers wield over investment decisions among their faithful.

Featured image from Pexels, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Wall Street Giants Poised to Offer Spot Bitcoin and Ethereum TradingThe Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) alluded to major exchanges being able to roll out spot Bitcoin (BTC) and Ethereum (ETH) trading.
Author  Beincrypto
10 hours ago
The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) alluded to major exchanges being able to roll out spot Bitcoin (BTC) and Ethereum (ETH) trading.
placeholder
Pound Sterling extends decline amid surging UK Bond yieldsThe Pound Sterling (GBP) extends losses and trades cautiously near an almost four-week low around 1.3370 against the US Dollar (USD) during the European trading session on Wednesday.
Author  FXStreet
10 hours ago
The Pound Sterling (GBP) extends losses and trades cautiously near an almost four-week low around 1.3370 against the US Dollar (USD) during the European trading session on Wednesday.
placeholder
US JOLTS Job Openings expected to edge slightly lower in JulyThe Job Openings and Labor Turnover Survey (JOLTS) will be released on Wednesday by the United States (US) Bureau of Labor Statistics (BLS).
Author  FXStreet
11 hours ago
The Job Openings and Labor Turnover Survey (JOLTS) will be released on Wednesday by the United States (US) Bureau of Labor Statistics (BLS).
placeholder
Silver Price Forecast: XAG/USD marks fresh 14-year highs near $41.00Silver price (XAG/USD) following its six-day winning streak, trading around $40.98 per troy ounce on Wednesday, the highest since September 2011.
Author  FXStreet
11 hours ago
Silver price (XAG/USD) following its six-day winning streak, trading around $40.98 per troy ounce on Wednesday, the highest since September 2011.
placeholder
2025 Hottest US IPO Week: Klarna, Gemini, Figure Set for “Triple Launch”According to Bloomberg, at least five companies are now pricing their U.S. initial public offerings (IPOs) for the week starting September 8.
Author  TradingKey
12 hours ago
According to Bloomberg, at least five companies are now pricing their U.S. initial public offerings (IPOs) for the week starting September 8.
goTop
quote