Key Takeaways:
- MEE token listing announcement by Bybit led to a Twitter war.
- Various crypto influencers took shots at one another.
NEW DELHI (CoinChapter.com) — MEE token, the upcoming token offering by the blockchain game Medieval Empires, has sparked a row on Twitter among crypto influencers.
The trouble started with Carl “The Moon” Runefelt tweeting about the MEE token launch. The crypto influencer promised a giveaway of $500 to one user from those retweeting his tweet. Crypto exchange Bybit will launch the MEE token in the next 13 days.
However, Runefelt has had some past troubles. For example, a Reddit user ‘Techvarius’ noted in a thread how Carl deleted a video prognosis that predicted the Bitcoin price to explode upwards but deleted the video once the BTC price fell.
Another of Runefelt’s projects, Kasta, which received massive shilling from other influencers, saw its value drop 97.6% from its listing price. Moreover, there was an issue with the tokenomics of the Kasta, which allowed only 2% of the tokens to the public.
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In the current market turmoil, investors’ confidence in crypto influencers has taken a hit. Additionally, FTX founder Sam Bankman-Fried’s statements to the press, in which he said he had no idea how things went so wrong, further eroded trust in the crypto ecosystem.
Twitter Calls Out Carl And Bybit For Shilling MEE Token
Cobie, the host of UpOnly TV, called out Bybit for hosting another token that Carl supported.
It’s a shame that Bybit is hosting another Moon Carl token launch after the performance of the last one, which he appears to have mostly abandoned
Cobie said in a tweet
However, Ben Zhou, CEO of Bybit, came out to defend the decision. Zhou highlighted that the market conditions were responsible for the dip in the Kasta token’s price.
Additionally, the Bybit CEO emphasized that the exchange was neutral and transparent in its listings. Zhou did not mention that Carl Runefelt was a partner with the exchange. However, he highlighted that the partnership does not impact the exchange’s listing decisions.
However, the tweet war did not stop there. Crypto Ed, the founder of trading firm Crypto-TA, lambasted Zhou’s tweet. Ed wrote that Zhou should be ashamed of partnering with “a clown,” Carl the moon.
As long as you operate like this, I’m staying away from your exchange. Pls forward to your marketing team, so they stop spamming me for a partnership. I know, you can make a lot more with Carl, but ethics…
Crypto Ed told Zhou
Interestingly, pseudonymous Twitter user Algod replied to Ed’s tweet, stating that it was ironic that “the paid group leader is talking about who a clown is.”
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The crypto-TA is a paid group that shares crypto signals with its followers.
Funnily enough, Algod had detractors too. Twitter user BurgerBTC pointed out Algod’s Bahamas controversy. During the FTX debacle, Algod had offered $100,000 to FTX employees in exchange for processing a pending KYC application.
Despite the lock on FTX accounts, Bahamians were authorized to take funds off the platform. As a result, social media was flooded with requests from FTX users who wanted to exploit the loophole to secure funds stuck on the FTX platform.
The debacle on Twitter goes on to highlight the fear and mistrust currently plaguing the ecosystem. The collapse of Terra and then FTX hurt investor sentiments. It might be some time before traders start taking crypto influencers at their word.
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