Ben.eth Launches New Project After One Month Profit

Key Points:

• Ben.eth started his second endeavor after rug-pulling three tokens in a month, driving his following to number in the millions.
• The most recent project comprises 10,000 Orange NFTs with minting costs of 0.1 ETH.
• Others have cautioned that the influencer’s actions may enrage authorities as well as dissatisfied investors.

Ben.eth, a popular Crypto influencer on Twitter, started another initiative today after rug pulling three currencies in a month, resulting in millions of followers.

Ben.eth, an NFT collector, began his crypto adventure in 2017 and will join NFT in 2021. He’s been an active part of the NFT community since then, but he has not had a huge impact. He rose to prominence in May after pushing the PEPE meme coin and releasing the BEN meme coin to test his luck during the meme coin season. The project was removed a few days after it was published, and Ben.eth profited millions of dollars from the fraud.

He first failed miserably with BEN, but the coin gained traction when prominent crypto video maker BitBoy chose to purchase it. After the first success, Ben.eth announced the introduction of PSYOP meme currency through presale. BitBoy sold all BEN tokens on May 17. Nonetheless, Ben.eth was able to raise more than $9 million in ETH via the PSYOP presale and subsequent token sales.

Ben.eth did not stop there, announcing a third initiative called LOYAL. This time, he planned to provide 33% of the token’s value to those who purchased it during the pre-sale. The crypto influencer has said that he would retain 67% of the remaining coins. He also opted to collaborate with BitBoy, this sub’s favorite influencer.

Ben.eth dropped a 10,000 collection of orange square NFTs for 0.1eth today after three rug pulls. It was coined in 15 minutes, and the floor price is already lower than the mint price. According to his most recent tweet, the orange FF6000 NFT comes with an orange batch on your Twitter profile as well as Twitter Blue.

According to crypto attorneys, Ben.eth, the pseudonymous memecoin developer behind at least three contentious token launches in recent weeks, may come under the scrutiny of US authorities. Ben.eth, a previously unknown figure in the crypto field, had his Twitter following almost a fivefold increase in May.

Although advocates of Ben.eth have defended the integrity of the token sales, others have warned that the influencer’s activities may incur the wrath of authorities as well as disappointed investors.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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