Cryptocurrency Influencer @0xJaypeg Accused of Misconduct Over $2.2K Meme Coin Promotion

In a recent controversy that has gripped the cryptocurrency community, influencer @0xJaypeg has been accused of misleading behavior involving the promotion of a meme coin and the alleged sale of allocated tokens worth approximately $2,200. The allegations were brought to light by blockchain investigator ZachXBT through a detailed thread on X (formerly Twitter).

Allegations of Unfulfilled Promotion and Token Dumping

According to ZachXBT, a meme coin project reached out to @0xJaypeg, who agreed to promote their token in exchange for 2% of the total supply. The project team claims that after providing his wallet address — 8jpz1pDotD7NVBWuYQgfSNX2CAVTp6wyD5Jgg7d5515B — the influencer deleted the message and later denied receiving any tokens, asserting that the wallet did not belong to him.

Blockchain records, however, purportedly show that the tokens were sold from the provided wallet address for approximately $2.2K. The team alleges that despite multiple follow-ups, @0xJaypeg shifted the blame onto them and did not rectify the situation.

Denial and Accusations of Fabricated Evidence

When the project team exposed the conversation on social media, @0xJaypeg reportedly claimed that the messages were "photoshopped" and that he would "never sell for $2.2K." To demonstrate "proof," he made a $2K charity donation. In response, the project team created a public invite to their Telegram group with the influencer and screen-recorded the conversation from multiple perspectives to validate their claims.

Contradictory Evidence on the Blockchain

Despite his denials, blockchain analysis suggests links between the disputed wallet and @0xJaypeg. ZachXBT pointed out connections between the wallet address and the influencer's activities, including transactions related to a Saga phone mentioned in his X posts and disbursements of 1INTRO tokens, a project in which he allegedly had an allocation.

Community Reaction and Security Implications

The incident has ignited discussions about transparency and ethical conduct among cryptocurrency influencers. It underscores the importance of blockchain security and the need for due diligence when engaging with promotional activities in the crypto space. The situation serves as a reminder of the potential risks associated with undisclosed promotions and the impact of token dumping on investor trust and market stability.

Conclusion

While it remains uncertain whether similar incidents have occurred with @0xJaypeg in the past, this episode highlights the necessity for accountability and integrity within the cryptocurrency community. Investors and followers are advised to exercise caution and critically assess the credibility of influencers and projects in the rapidly evolving world of cryptocurrency and blockchain technology.

Disclaimer: The information in this article is based on allegations and has not been independently verified. Readers are encouraged to conduct their own research.