Content Creator. Betting It All On Crypto. Stream Daily At 4pm EST. Telegram Is @JakeGagainChannel. Partnered With @RainbetCom.
Joined January 2021
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If $ANSEM took a deal he needs to disclose it. If not, he’s in serious trouble when this new administration takes charge.
Who’s this about? 🤔
One of crypto's largest KOLs has been secretly extracting millions from his audience
We’ll expose him soon
Unfortunately, he’s just a symptom of a much bigger problem
Social trading has brought out the worst in KOLs. It was designed to keep them honest by making every trade public. In reality, the opposite happened
In just a few weeks, we exposed a number of "top social traders" using the same tricks:
• Public wallets to attract copy traders
• Side wallets to dump
• Callouts to farm rewards
• Bundled tokens to hide supply
And there are plenty more doing the exact same thing
Why? Because our industry incentivizes it
1) Launchpads allow it
Most launchpads today are obsessed with one thing: volume. Millions in callout rewards, affiliate links, and top leaderboards. Almost nothing on detecting bundles, side wallets, or shady traders. Scams drive volume. Launchpads have no reason to stop it (other than actually caring about their users)
2) Social trading incentivizes it
Side wallets have become a business model. Before social trading, only big KOLs could do it. Now, anyone who lands on a leaderboard can monetize by dumping on their copy-traders. The temptation is real
3) CT normalizes bundle culture
“Everyone bundles. It's how it's done" - an excuse we hear every time we expose a KOL. Supply control isn't the problem. Hiding it is. If it's so bullish, why hide it? Spoiler: because you're planning to sell
***
Launchpads are paying millions to dishonest KOLs. It's time they start taking it seriously
Audit the top traders. Expose their side wallets. Ban repeat offenders
We have the tools. What's missing is the willingness to use them
No one's coming to save us
JAKE retweeted
My advice to young men:
1. Get married
2. Have children
3. Build something you own
4. Love God, family & country
5. Learn to defend yourself
6. Make money & invest it
7. Spend time with peers over heroes
8. Have goals & a mission
9. Stand for something
10. Help as many others as you can
11. Don’t complain, compete
12. Read, write, and think often
13. Be hard on yourself, kind to others
14. Sweat every day
15. Give compliments to strangers
16. Smile and laugh as much as possible
17. Take more photos and videos
18. Seek those with a common future
19. Act like it will all work out
20. Live your life knowing one day you will die
