WSB Coin team member collapses token price by 90%

WSB Coin team member collapses token price by 90%
Photo by André François McKenzie / Unsplash

On-chain analyst ZachXBT reported on the collapse of WSB Coin's price. A team member under the nickname ZJZ.eth, who ran the moderation bots of the notorious WallStreetBets community, suddenly sold off most of the tokens, amounting to $635k (334 ETH). As a result, WSB's price fell by 90%.

ZachXBT added that ZJZ.eth wrote to him last year:

"I think we should have been greedy amoral bastards instead."