Kanpai Pandas NFTs floor price dives 45% after token endorsement scandal
The post Kanpai Pandas NFTs floor price dives 45% after token endorsement scandal appeared on BitcoinEthereumNews.com.
The Kanpai Pandas NFT collection price fell by 37.44% in 24 hours and by 40.13% over the last seven days. According to data from the NFT marketplace Blur, the price dropped from 0.775 ETH on August 8 to a low of 0.42 ETH on August 9, marking a 45% decrease. The Kanpai Pandas NFT collection price currently stands at 0.46 ETH, valued at $1,220. The recent price decrease follows allegations that the creators promoted Restore the Republic (RTR), a token themed around Donald Trump, which the Trump family subsequently disavowed. Source: Blur The community blamed the Ice Bagz CEO and his team for the decrease in the price of the collection. They allegedly promoted the RTR token, which was supposed to be an “official” Trump token. However, Donald Trump’s son, Eric Trump, has strongly denied any connection of the token to the Trump family. Kanpai Pandas team faces criticism The recently introduced token on Solana (SOL), named Restore the Republic, surged to a $155 million market value before plummeting by 95% on Thursday following a warning from the son of former President Donald Trump, indicating that his father does not possess an official token. This led to the community targeting members of Kanpai Pandas who had previously promoted the token on X before Trump made any official statements. whole kanpai cabal (@bagzybagz1321, @SizeChad, @RookieXBT, @buyerofponzi) misleading followers into the “official” trump coin $rtr when they launched it thought bagz was one of the good ones? https://t.co/0YgW1c4M1k pic.twitter.com/HMY0TMKQXg — Legacy (@LegacyApe) August 8, 2024 An X user named “Legacy Ape” shared screenshots showing members of Kanpai Pandas team promoting the token on X. Conversely, another community member shared a screenshot suggesting that Kanpai Labs was behind the token’s Google ads. Earlier in the week, Ryan Fournier, a conservative advocate and student…
Filed under: News - @ August 9, 2024 5:20 pm