ZachXBT: Solana’s Meme Token SHAR Involves Conspiracy Groups and KOLs

blockchain detective ZachXBT tweeted that the Meme token SHAR on Solana is involved in a conspiracy group and KOL manipulation. The token was launched last night and its market value soared to over $50 million before plummeting to $3 million, a drop of 95%. According to leaked information from a promotion platform, the project claimed to have "50 first-tier KOLs joining."

In response, crypto KOL 0xSun tweeted that "I did indeed collaborate with this project, but the reason for choosing to collaborate was because I thought the project was more reliable and there was an opportunity to make money after reviewing the information, rather than simply for promotion fees. Next, on the one hand, I will contact CLS and some friends who may know information about the project party to try to make the project party compensate for the losses, and on the other hand, I will try to eliminate this type of collaboration as much as possible. In the future, for paid promotion collaborations, I will clearly state and be transparent."