The post Mayweather Faces KO Punch From Crypto Watchdog Over Alleged Scam Token appeared on BitcoinEthereumNews.com.

Floyd Mayweather, the undefeated boxing champion, seems to be facing a different kind of knockout in the cryptocurrency arena. Blockchain investigator ZachXBT has landed a flurry of accusations, calling Mayweather out for promoting yet another suspicious token project. Pump And Dump Suspicions This comes after a string of controversies. Mayweather has been entangled in lawsuits and settlements for failing to disclose payments to promote unregistered cryptocurrency ventures. These promotions, according to critics, reek of “pump and dump” schemes, where celebrities artificially inflate prices before cashing out, leaving fans holding worthless digital bags. Mayweather’s latest offense? The “FLOYD” token. After hyping it on social media, Mayweather abruptly deleted his promotional posts, sparking fears of another potential rug pull – a scenario where developers vanish with investor funds, leaving their tokens valueless. Does Floyd deserves a 13th chance? After profiting tens of millions from Mayweverse, Ethereum Max, Bored Bunny, Real Floyd NFT, Moonshot, 2018 ICOs, & more. https://t.co/JaNLdhsPqR pic.twitter.com/DDCBUoFBrj — ZachXBT (@zachxbt) June 2, 2024 Controversy Shadows Mayweather This isn’t Mayweather’s first dance with crypto controversy. Investors who followed his lead into ventures like EthereumMax and Bored Bunny NFTs have reportedly suffered significant losses after these projects fizzled out. 2024 is shaping up to be a year of cautious optimism. Experts predict continued growth, particularly in areas like GameFi (gaming with NFTs) and the use of NFTs in the metaverse economy. Major companies are taking notice, potentially bringing stability and wider adoption. However, challenges remain. The industry still lacks clear regulations, and scams like the one suspected with Mayweather highlight the need for investor caution. Technical hurdles like scalability and interoperability also need to be addressed for widespread metaverse adoption. BTC is currently trading at $68,901. Chart: TradingView Crypto Hype Man In Trouble The hits keep coming for Mayweather’s crypto reputation, going…

---

Filed under: News - @ June 4, 2024 10:26 pm