PSYOP memecoin faces identity crisis amidst questionable token launch

The creator of a memecoin known as $PSYOP has accused one other particular person of imitating his token, whereas the token itself has been known as a rip-off by an impartial media studio.

$PSYOP creator says different token is rip-off

Twitter person eth_ben (@ben.eth) mentioned that one other person by the identify of @3orovik has launched a separate $PSYOP token with the identical identify as his personal.

On May 18, @ben.eth wrote on Twitter:

“No token launched but. Every little thing else is a rip-off. Chill. Going over the [liquidity pool] numbers now.”

Each @ben.eth and @3orovik mentioned that any hypothetical investigation by the Securities and Change Fee (SEC) wouldn’t discover any transactions between them. There doesn’t seem like any investigation underway regardless of their issues.

$PSYOP itself has little substance, and profiles associated to the token characteristic crude art work. As such, the asset has little integrity no matter its creator’s intentions.

Media studio denounces undertaking

Individually, a media studio additionally named Psyop tried to distance itself from the token on May 16. It mentioned it had no relationship with @ben.eth’s token and mentioned that associated spam accounts are “infringing [its] model’s content material to advertise the bogus token.”

The media studio alleged that the $PSYOP token is a “rip-off from high to backside.” It additionally mentioned that has reported the token sale, although it didn’t say who it reported the sale to.

“We hope to see all of it eliminated ASAP,” the studio mentioned.

There is no such thing as a indication that @ben.eth meant for the token to capitalize on the studio, which itself seems to be a minor firm. Nonetheless, the studio’s complaints have benefit as a result of token’s general lack of integrity.

The publish PSYOP memecoin faces identification disaster amidst questionable token launch appeared first on CryptoSlate.

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