Base co-founder suspected of funneling traffic for RUG tokens, facing strong community criticism

BlockBeats News, December 15 — Jesse, co-founder of Base, yesterday on social media promoted RUG tokens to attract traffic for the notorious Soulja Boy and invested funds to support him, sparking strong criticism from the community. ZachXBT questioned, “Why give Soulja Boy a platform to scam new users?” As early as April 2023, ZachXBT disclosed that “Soulja Boy is one of the most reckless promoters in the crypto community. In my research, I found he participated in 73 promotions and 16 NFT project launches, many of which are scams.” Jesse has also promoted various MEME coins, such as the “Base is for everyone” incident (which surged to a $20 million market cap before dropping 90%) and his personal token jesse (dubbed by the community as the most failed fair launch in Base history). The tokens he promotes often experience short-term speculative hype, but their long-term performance and investment returns are unstable.