- The $ZACK token was introduced by @xyzvitaly on X. He sniped over 40% of the token at launch, controlling the majority of the supply, suggesting a setup for potential manipulation.
- Zack Morris is onboarded to the token and community a few days after. He begins to onboard his followers and everyone he knows. This causes a surge in price, rallying to as high as 100m market cap.
- The token price begins to fall. Unknowing of the dev vitalys past scams, Zack Morris continues to shill to pump the coin as high as he can. Setting $5 price targets to show he is here to stay for the long run. However, Vitaly had different plans. Tokens were distributed to paid KOLs to shill to their followers, while the entire time they are dumping the tokens on the community. Zack Morris continues to shill 24/7, even onboarding strangers he sees in real life. Some examples of these KOLs and celebs are former Steelers football player Antonio Brown , Matt Mahn on X, @THEECHOFR/0XEXHO, and many more.
- He started to post his old plays ( Michi / Giga ) claiming that ZACK was heading to those similar market caps as he continued to sell off his ZACK bag after every tweet.
- He tweets on 10/17/24 that he is working on a powered casino for the ZACK community and that he also has talks with “ well known crypto sites to list ZACK as a payment, again deceiving the holders with fake news as he still dumps his 400m coins.
- As he is doing this he continues to tease that he is going to drop a new play soon, for months the hype grew.
TJR, an X user, utilized his streaming platform to promote and sell what are colloquially known as "Diddy coins." According to posts found on X, TJR bought into these meme coins at the peak of their value and then sold them off the next day, extracting maximum profit for himself while his followers, who bought based on his recommendations, were left with depreciating assets. He allegedly used his audience as exit liquidity by encouraging them to buy these coins while he and others with hidden or insider wallets sold off their holdings, effectively dumping the coins on his followers. This practice is seen as a form of manipulation where the promoter benefits at the expense of their followers.
During a live stream where Andrew Tate, known on X as @cobratate, was promoting various cryptocurrencies, he encouraged his followers to buy into these coins, creating a pump effect. However, unbeknownst to his audience, he or entities associated with him used insider wallets to sell off their holdings Wallets that are directly connected to his main wallet, thereby dumping the coins on his followers who were buying based on his recommendations. This action essentially turned his followers into exit liquidity for his or his associates' profit. Posts on X have accused him of this scheme, with users like @holdandstfu claiming on December 11, 2024, that Tate scammed his community by making over $3,000,000 from his stream while his followers experienced significant losses. These accusations paint a picture of manipulation where Tate benefited at the expense of his followers' trust.