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ZachXBT Reveals Sketchy NFT Activity of Rapper Soulja Boy
ZachXBT has uncovered some shocking news regarding American rapper Soulja Boy and his NFT activity. After conducting an online investigation, ZachXBT has revealed that Soulja Boy has been defrauding people. Significantly, the rapper has endorsed 16 NFT drops and 73 campaigns on Twitter. This news is causing quite a stir in the NFT community. So, what actually happens?
Soulja Boy accused of NFT fraud
As NFTs continue to grow in popularity, so do the instances of fraud and fraudulent activities. Soulja Boy is the latest celebrity to be accused of participating in these questionable NFT-related practices. Recent reports have revealed that the rapper has been promoting his NFT drops and luring his followers to invest in them. He then abandons them soon after in what appears to be a classic pump-and-dump scheme. Ultimately, his behavior has given his loyal supporters worthless investments. Clearly, with the growing popularity of NFTs, there is an urgent need for more transparency and accountability in the industry.
Let’s take a look at some examples. In July 2021, Soulja Boy, along with Quavo and Lil Yachty, promoted the NFT project RapDoge. This was subsequently canceled causing significant losses to the investors. Another example of such a scam was ParrotsDAO. The project was announced one day, then pulled the next, leaving many investors in the lurch. The rapper’s involvement in the Flokinomics promotion, which turned out to be a scam, was also investigated.
Despite past controversies and failures, Soulja Boy has continued to produce and promote NFTs. Lock on the chain, ZachXBT, revealed that the rapper charged up to $12,000 for Instagram campaigns and $10,000 for Twitter ads during the previous cryptocurrency bull run. This suggests that he may be more interested in making money than the interests of his fans.
Ultimately, the community has become increasingly concerned about Soulja Boy’s actions and his willingness to engage in such fraudulent activities. The rise of NFTs has led to an increase in fraud, and it is important for celebrities to be mindful of their actions and promote projects responsibly. The community hopes that Soulja Boy will take responsibility for his actions and take steps to restore the trust of his fans.
