ZachXBT Issues Warning on ZEUS Token, Citing Founders’ Links to Market Manipulation

On-chain sleuth ZachXBT has issued a warning about the ZEUS meme coin’s founders. The warning came after whale James Wynn purchased over $100,000 worth of ZEUS tokens. ZachXBT linked the project’s creators to a firm that promoted market manipulation. A major on-chain transaction by the well-known crypto whale James Wynn has drawn renewed scrutiny to the ZEUS meme coin, as prominent blockchain investigator ZachXBT has issued a public warning about the project’s founders. The controversy ignited after on-chain data showed Wynn spent 39 ETH (approximately $104,000) to purchase 2.446 trillion ZEUS tokens. The warning highlights the creators’ past links to a company that openly promoted market manipulation strategies. ZEUS Whale Buy Sparks Fresh Warnings of Market Manipulation According to monitoring by Onchain Lens, James Wynn made a sizeable purchase of ZEUS meme tokens on June 16. On-chain data points out that such whale activity can appeal to retail traders, potentially leading them to follow these large moves, sometimes increasing volatility in the process. 3 hours ago, James Wynn ( @JamesWynnReal ) spent 39 $ETH worth $104K to buy 2.446T $ZEUS ( @zeus… The post ZachXBT Issues Warning on ZEUS Token, Citing Founders’ Links to Market Manipulation appeared first on Coin Edition .

Source: Coin Edition