In the latest celeb crypto scam, infamous streamer Boogie2988 saw his meme coin slapped-down after Coffeezilla got involved – here’s everything you need to know.
Last week, YouTuber Steven “Boogie2988” created a meme coin on Solana via pump.fun and called it FADDY, poking fun at his long-term weight issues. In a wild 24-hour period, the token shot up over 1000% before quickly dumping below its launch price.
Boogie is the latest in a long line of influencers and Z-list celebs to launch their own token, following the likes of R&B artist Jason Derulo and the rapper Lil Pump.
Boogie2988 just deleted days worth of incriminating tweets regarding his Faddy Token scandal. Luckily, I archived everything over that time period for my upcoming video. Since he's trying to hide what he did, I figured I'd drop the full thread of screenshots and videos. 🧵
— Optimus ⛩️ (@SubToOptimus) June 30, 2024
The overweight streamer replied to a fan who asked if he was serious about creating his own crypto token, saying, “It’s not serious. It’s a shitty meme coin. No one will buy it for any other reason than to laugh about it.”
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After FADDY was quickly pumped and dumped, Boogie came under increasing fire from users of X and Reddit.
He responded by saying that he was trying to pay for cancer treatments by launching a meme coin.
He quickly backed off after the infamous YouTube investigator Coffeezilla got involved. Coffee responded to Boogie’s post by reminding him that FADDY was down over 90% from the highs.
>Boogie2988 still trying to shill his coin.
>“doing better than it has in days”
>refuses to zoom out those days https://t.co/qoPVTuCuhF pic.twitter.com/ARYXza2E5u— Coffeezilla (@coffeebreak_YT) June 30, 2024
Appearance Of CoffeeZilla Leads To Weak Backtrack By Boogie
Boogie2988 released a statement trying to clear up the pump and dump allegations.
“Fine, I’ll speak as succinctly and bluntly as I can. I knew zero of my fans would download Coinbase, and create an account, just to buy a shit coin. It literally wasn’t going to happen,” said Boogie.
“But a bunch of crypto millionaires might come in and waste .01% of their worth on a meme coin as a joke, and they did.”
He doubled down, adding, “I don’t care if a multi-millionaire loses less than a percent of their holdings. That happens to crypto bros all day every day. I don’t care one bit about it. I would really care if there was an actual fan who started crypto just to buy a coin I told them not to buy, tho. But that person doesn’t exist, so we’re good.”
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Since the drama over the weekend, Boogie2988 has deleted the “apology” posts and pinned a post to his X account stating that he has spoken with CoffeeZilla, who advised him to back off from the crypto space and that he will now “leave it to other celebrities instead”.
I spoke with @coffeebreak_YT tonight and he made it abundantly clear why I should back off of this whole bit and the crypto space
I always thought it was just going to be a goofy laugh and no one would actually get hurt. Thankfully it appears no one actually did
But it’s been…
— Boogie2988 (@Boogie2988) June 30, 2024
This worrying trend of influencers/celebs launching meme coins to pump and dump them on their community will be interesting to see if even a few days pass before another similar case hits the internet.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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