KOL manipulated the Token presale, taking away $150,000, the "social experiment" behind the Meme market crash.

Original author: @StarPlatinumSOL

Original text compiled by: zhouzhou, BlockBeats

Editor’s note: This content discusses two KOLs in the crypto space—Books and Shillin Villain—who used token presales as a "social experiment." The tokens they launched, such as $COPE and $POGE, had most of their supply controlled by the team, leading to a rapid collapse in token prices shortly after issuance. They also introduced early access passes (0.5 SOL, 1000 supply) to provide an opportunity for users who wanted to participate in the token issuance early. The two repeatedly manipulated the market by controlling the token supply, ultimately causing a crash in token prices and resulting in losses for investors.

The following is the original content (for ease of reading and understanding, the original content has been reorganized):

A group of KOLs seems to be launching tokens and selling them to their fans.

No one talks about this, but this is what's happening.

To understand this confusion, we need to talk about the key figures involved in the issuance of these tokens:

• Books, that is @DaoKwonDo

• @ShiLLin_ViLLian

Both individuals have a long and controversial history in the cryptocurrency field.

Shillin Villain was once the most popular Spaces host on CT.

He launched DeFi Apes with Bark,

But the project ultimately collapsed, losing 22K ETH and shutting down.

His biggest scandal is Network Token,

It is alleged that during a failed issuance, he defrauded his own community, resulting in losses of millions.

Books has been active in this circle since 2021.

He has participated in some NFT projects that ended in failure.

His recent turmoil is $POX,

A failed Solana project.

He hyped up the project, but issues emerged after the launch.

Another token that may be related to Books is $WILDNOUT.

It is promoted by @NickCannon, who has a large following of 4 million fans.

But insiders hold most of the supply.

This makes it easy to manipulate the market, pump, dump, and then disappear.

At some point this year, these two KOLs teamed up in a live broadcast.

Books operates a paid Alpha group that shares investment advice, with a fee of 25 dollars.

At that time, they began to conduct a "social experiment" involving token presales.

• 31% allocated to the team

• 31% allocated to market making

One of the first tokens they launched was $COPE. Most of the supply is held by the team.

For a period of time, they even locked up some tokens, but after the issuance, the token price quickly collapsed.

After the collapse of $COPE, the next token launched was $POGE. These two KOLs seem to control 95% of the supply, giving them complete control over the price, with the same result.

Their other "social experiment" is the early access pass. The total supply is 1000. Minting price: 0.5 SOL. This is prepared for those who want to participate in the token issuance in advance.

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