Flocka Fiasco: Waka Flocka Flames Crypto Launch Crashes Into Insider Trading Scandal

The red carpet of cryptocurrency rolled out for rapper Waka Flocka Flame’s FLOCKA token launch on June 17th, but quickly transformed into a red flag for investors. Suspicious pre-launch activity has cast a long shadow over the new coin, sparking accusations of insider trading and raising concerns about celebrity involvement in the volatile crypto market. Related Reading: Metrics Signal Bitcoin Price Increase But When Is Anyones Guess 40% FLOCKA Disappears Before Takeoff Blockchain detectives were the first to sound the alarm. Just before FLOCKA’s official debut, a single wallet swooped in and gobbled up a staggering 40% of the entire token supply. This pre-launch land grab made crypto enthusiasts paranoid, as it hinted at potential market manipulation. The plot thickened when, immediately after launch, the same wallet began rapidly dispersing its FLOCKA holdings across a network of anonymous accounts. “Interesting how a fresh wallet funded via exchange sniped ~40% of the supply and dispersed to alt wallets,” tweeted ZachXBT, a prominent blockchain investigator. This rapid fire dispersal of tokens fueled suspicions that someone with inside information was playing the market to their advantage. Huge insider activity on $FLOCKA Wallet Ag41go sniped 40% of the supply at launch and spread it into 60+ wallets, before Waka Flocka (@WakaFlocka) made the announcement.https://t.co/9tBAFwQWef https://t.co/xq5yddGbDv pic.twitter.com/UyNLPVLqWz Bubblemaps (@bubblemaps) June 17, 2024 Platforms like Bubblemaps, which specialize in visualizing blockchain transactions, echoed these concerns. “Huge insider activity,” declared Nicolas Vaiman, CEO of Bubblemaps, highlighting the pre-launch acquisition. Vaiman went further, criticizing the growing trend of celebrities venturing into crypto without a firm grasp of the underlying technology or market dynamics. Waka Flocka Flame’s Past Raises Eyebrows The shadow of insider trading wasn’t the only dark cloud hanging over FLOCKA. Waka Flocka Flame’s past dalliances with the crypto world raised concerns about his motivations. According to reports, the rapper has a history of promoting questionable crypto projects, often failing to disclose that these were paid endorsements. This pattern of behavior led many to question whether FLOCKA was simply another vehicle for a quick buck, rather than a legitimate cryptocurrency with long-term potential. Related Reading: From Cheers To Tears: Beercoin (BEER) Dries Up, Loses 70% Of Its Value Crypto Celebrities: Hype Or Expertise? The FLOCKA fiasco reignites the debate about celebrity involvement in the cryptocurrency space. While celebrity endorsements can undoubtedly generate buzz and attract new investors, critics argue that this often comes at the expense of investor education and market stability. These celebrities lack the necessary expertise and understanding, argues Vaiman, pointing out the potential for misleading promotions and unethical practices fueled by a desire for quick profits. Featured image from Getty Images, chart from TradingView

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Waka Flocka Flame token launch faces insider trading allegations

Around 40% of the coins total supply was scooped up before Waka Flocka Flame announced the launch.

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Bitcoin Bulls Flock to Long Positions Before May 7 Fed FOMC Interest Rate Announcement

Bitcoin investors are eagerly jumping into long positions as they anticipate the Federal Reserve’s interest rate decision on May 7. The market is buzzing with bullish sentiment as traders take strategic positions ahead of this significant event. With the Fed’s interest rate announcement looming, Bitcoin bulls are gearing up for potential price movements. This surge [...]

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Snoop Dogg Joins The Bored Ape Yacht Club And The Sandbox. Read All About It

It’s official, Snoop Dogg joined the apes. The rap superstar and all-around businessman made a substantial NFT investment and is now showing a Bored Ape as his avatar on Twitter. Not only that, Snoop Dogg bought a full set, a Bored Ape, an M1 and an M2 Mutant, and their correspondent Bored Ape Kennel Club. They all match with each other and tend towards pink fur.  Related Reading | A Bored Ape NFT Sold For 0.75ETH By Mistake. Another Sold For 347ETH, But Wait… In the announcement tweet, Snoop Dogg claimed: “When I APE in I APE all the way in!!,” and he wasn’t lying. This buy puts him among the top celebrity NFT collectors. At least the ones who are public about their buys.  When I APE in I APE all the way in!! pic.twitter.com/3XB3Jo5Fb6 — Snoop Dogg (@SnoopDogg) December 21, 2021 How Did Snoop Dogg Get Into The Bored Ape Yacht Club? It all came from a deleted tweet. What did it say? We wouldn’t know. However, NFT strategist Just1n.eth brought another rapper into the conversation. “He needs to link up with Waka Flocka to talk about the NFT collection that he should be looking into!” And Waka Flocka went straight to the BAYC. “Uncle Snoop you need a Ape mane!!! Join the yacht club.” This was Snoop Dogg’s answer: So who sendn that ape. My shit better have all gold everything. — Snoop Dogg (@SnoopDogg) June 25, 2021 This was in June. Which shows how much of a patient businessman Snoop is. Snoopverse In The Sandbox Snoop Dogg is launching himself into NFTs with two feet. A couple of weeks ago, the superstar rapper announced a partnership with The Sandbox metaverse. There, he will have his own piece of the virtual world. There will be Snoop avatars and other Snoop-inspired NFTs for sale. And he will even perform live, and event that’s already selling early access passes for.  Early peak of the @SnoopDogg Avatars! https://t.co/ckEOApZwL6 pic.twitter.com/l8gYQVASFc — Snoop Dogg (@SnoopDogg) December 11, 2021 Not only that, the rap star even made a song about the whole ordeal. And if you look closely, there are Bored Ape Yacht Club pieces on the walls in Snoop Dogg’s virtual mansion. Did he buy the set of apes to decorate his house? Maybe he did. SAND price chart on Kraken | Source: SAND/USD on TradingView.com But Wait… Wasn’t Cozomo De’ Medici An Alias For Snoop Dogg? Notorious NFT collector Cozomo De’ Medici once did a publicity stunt that seemed to suggest that he was Snoop Dogg. However, since then, the prevailing sentiment is that he isn’t. Artnet’s .pdf mag about NFT culture, Artnet NFT 30, broke down the story: “Is Cozomo really Snoop Dogg? That was the rumor that swept the internet after the collector announced that a celebrity would reveal Cozomo’s true identity (with the first to spot the announcement winning 1 ETH), only for Snoop Dogg’s official account to tweet shortly thereafter, “I am @CozomoMedici.” The frenzy of investigations that followed, however, cast doubt on the link, pointing to a selfie that Cozomo posted from Lake Como with the musician Jason Derulo that obscured their face but not their short, Caucasian body.” Related Reading | Will NFTs Kill Traditional Art? Famed Collector Cozomo de’ Medici Makes The Case If Snoop was Cozomo, he would be the biggest celebrity NFT collector without a doubt. But he isn’t. Or is he? Following Snoop Dogg’s BAYC announcement, Cozomo tweeted: Oh and btw ?? https://t.co/zn2ajWZFS4 — Cozomo de’ Medici (@CozomoMedici) December 22, 2021 What does that mean? You be the judge of that.  Featured Image: Snoop Dogg on The Sandbox title screen | Charts by TradingView

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The Hottest Presales of December: 5 Crypto Projects to Invest in Now

There are still two weeks left for the year to end. This means you have two more weeks to grow your money and all that you have to do is select the right crypto to invest in. So if you want to enter 2025 with a bang, we have picked the top 5 best cryptos [...]

The post The Hottest Presales of December: 5 Crypto Projects to Invest in Now appeared first on Crypto Breaking News.

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Final Day for Flockerz Presale After Securing $12.5M Could it Skyrocket 100x after Listing?

Ever since Donald Trump’s appointment as US President, the crypto market has been making merry. Bitcoin crossed the $100,000 mark and made a high of $109,000. As of now, the OG crypto coin is 550% from the cycle lows in November 2002, when it plummeted to $15,500. Well, Bitcoin could potentially climb to $1M by the end of 2025. No, we’re not joking! During the 2015-2018 cycle, the coin was also up by almost the same percentage as it is now in the current cycle. And during the 2018-2022 cycle, the price was up by 1,300% during the same stage. Now, if we take cues from the 2015-2018 cycle, Bitcoin can end up 1,110% higher from its lows by the end of March 2025. The price is expected to peak around October, when it may stand at 11,000% higher at around $1.7M. With Bitcoin’s potential rally comes a near-certainty that the rest of the crypto industry (meme coins included) will follow suit. And that’s where Flockerz shines through, as this Vote-to-Earn project aims to innovate the industry with its community-centric approach. Trump Administration to Bitcoin and Crypto Industry? If you need another perspective, consider the Trump effect. Donald Trump is expected to be the most pro-crypto president the US has ever seen. He has promised several legal reforms to strengthen the crypto market. During his first term, when he was not all that pro-crypto, Bitcoin gained 20x. And now, when the winds have changed, investors only expect a 10x move from Bitcoin to reach $1M, as reported by Coindesk. Just days before his swearing-in ceremony, Trump launched his own meme coin, $TRUMP. It quickly became the 18th largest cryptocurrency in the world when it hit a market cap of $15B at a price of around $75. Similarly, the first lady, Melania Trump also followed suit and launched $MELANIA. Although these coins brought in decent returns for investors, the SEC is not too impressed and may ring in several regulatory restrictions. The launch of individual-based cryptocurrencies opens the door for manipulation and scams and can dent the investors belief in the crypto markets. As per SEC, popular meme coins like these can blur the lines between celebrity, politics, and finance and lead to a lot of volatility and fraud. There have already been signs of that. As per Bubblemaps, 90% of the $MELANIA token supply was found to be in a single wallet. The official website of the meme coin claims that only 35% of the tokens have been made available to the token team. Since political meme coins can be a grey area for both regulators and investors, we recommend investing in people-driven coins like Flockerz ($FLOCK) one of the hottest presales this January. Last Few Hours of the $FLOCK Presale $FLOCK is a unique V2E meme coin that allows token holders to participate in the decision-making process. Investors can vote on aspects such as token burns, governance plans, expansion ideas, and new features. This puts the power in the hands of people who actually care about the coin, and not a single entity. Moving forward, this can set an important precedent in the meme coin industry. Investors may prefer projects with V2E structures in place. This community-driven coin has amassed close to 31K followers on X and has a strong presence on Telegram as well. This innovative V2E concept has helped $FLOCK raise $12.5M in presale funding. At the time of writing this, less than 2 hours remain before the presale ends. You can get one $FLOCK for $0.0066883. To do that, visit the official Flockerz presale website, connect your wallet, and purchase the number of $FLOCK you need. You can do so with a bank card, $ETH, $USDT, or $BNB. The coin will then move towards listing and is expected to skyrocket to 100x post that within a few months. Experts expect listing gains of at least 10x on launch. The project has reserved 10% of its total token supply for listing to prevent extreme volatility. Traders have also shown increased interest lately, buying over $44K $FLOCK in the last three days. The presale is inches away from closing, and this is definitely your last chance to join the $FLOCK mania. However, crypto assets are subject to market risks and it is wise to do your own research before putting in your hard-earned money. This article isnt a substitute for professional financial advice.

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Flockerz V2E Meme Coin Presale Closes in 3 Days Final Chance to Buy Before It Soars on Exchanges

Flockerz ($FLOCK) meme coin is in the final stages of its presale, which is set to end on January 22. So, all you have is 3 days to join this one-of-a-kind Vote to Earn (V2E) decentralized meme coin. The V2E model looks to form a Decentralized Autonomous Organization (DAO) known as FlockTopia. The DAO puts the power of decision-making in the hands of the token-holder community. Each $FLOCK holder can vote on crucial decisions like key project developments, marketing strategies, token burn, expansion plans, and so on. This way, the power to decide the future of the project is in the hands of people who actually care and not a small group of insiders. Not only do you get to shape the path of the token, but you also gain $FLOCK rewards in the process. 25% of the total supply of Flockerz tokens is reserved for rewards for holders who actively participate through votes. Why Should You Buy $FLOCK Now? Available at a price of $0.0066883 per token, $FLOCK has already raised $10.7M in presale funding. Experts predict a high of $0.8 in 2025 with a potential low of $0.2. So, even at the lowest expected price, $FLOCK can still give you 2,900% returns. ClayBro, a popular crypto influencer, has also predicted that Flockerz can be the next 100x meme coin once listed on exchanges. Moreover, there are some very good reasons to believe this, too. For instance, Flockerz is a community-driven meme coin, and the token already has massive support on X and Telegram. With close to 31K followers on X, there are a lot of investors watching it keenly. Ever since the appointment of pro-crypto Donald Trump as the next president of the US, the crypto market has been booming. Bitcoin breached the $100,000 mark, and Solana ($SOL) has seen a 55% up move in the last 5 trading days. Reports predict a 3,000% increase in the price of Solana by the end of 2030. All in all, we could be standing at the start of another crypto bull run. This makes it important to identify multi-baggers early with massive returns potential. And $FLOCK is currently at the lowest price you can get. Once listed, the prices are expected to surge. A good thing about the project is that only 20% of the total supply has been offered for presale. This means developers are keen on maintaining the demand-supply ratio to create enough interest in the token. Whats more, 10% of the supply has been kept for maintaining liquidity on listing, saving investors from shocks of dumping. As $FLOCK’s whitepaper states, the project has been audited by Coinsult and SolidProof, both of which didnt find any critical vulnerabilities. Buying $FLOCK is pretty straightforward, too. You just need to connect your wallet (our top recommendation for this is Best Wallet) with the official $FLOCK presale website. Make sure theres enough ETH, BNB, or USDT to complete the purchase. Next, enter the number of coins you need and approve the transaction from your wallet. Thats all you need to do to own one of the hottest meme presale coins. However, we advise you to do your own research before jumping in on the frenzy. This article isnt a substitute for professional financial advice, and you must always only invest an amount you’re comfortable losing.

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