• The internet sleuth ZachXBT has done research indicating that rapper Soulja Boy has been promoting dozens of NFT projects and crypto coins on social media, some of which were rug pulls.
• The U.S. Securities and Exchange Commission charged Soulja Boy and other celebrities with promoting certain tokens without disclosing compensation.
• Soulja Boy also promoted a now-defunct token called RAPDOGE in 2021 and SaferMars, which turned out to be a rug pull scam.
Rapper Promotes Scam NFT Projects
Internet sleuth ZachXBT indicates that the “Crank That” rapper, Soulja Boy, has promoted dozens of NFT projects on social media, some of which turned out to be rug pulls. In March 2021, the U.S. Securities and Exchange Commission charged Soulja Boy with promoting tronix (TRX) and BitTorrent (BTT) without disclosing compensation. He also pumped a now-defunct token called RAPDOGE in 2021 and SaferMars, which turned out to be a rug pull scam.
SEC Charges Celebrities for Promoting Tokens
The U.S. Securities and Exchange Commission charged several celebrities like Lindsay Lohan, Jake Paul, Akon and Ne-Yo with promoting tronix (TRX) and BitTorrent (BTT) without disclosing compensation in March 2021.
Soulja Boy’s Crypto Interests
Soulja Boy has expressed an interest in cryptocurrencies and non-fungible tokens since 2018 when he bragged about bitcoin gains on his track “Bitcoin.” He released a 3D NFT collection earlier this month as well as having promoted various crypto projects over the past year or so on social media platforms such as Twitter..
Research by ZachXBT
ZachXBT’s research found that Soulja Boy had tweeted about 73 different crypto projects over the last year or so including 16 involving NFTs – some of which have since been revealed to have been scams such as SaferMars or Rug Pulls such as RAPDOGE..
Conclusion
In conclusion it appears from research conducted by internet sleuth ZachXBT that rapper Soulja Boy has indeed been involved in the promotion of numerous crypto coins and NFT projects through his social media accounts – unfortunately though some of these appear to have been scams or rug pulls for unsuspecting investors looking for potential returns on their investments..