8 months ago
46 ARTICLE AD
Machi Big Brother is behind the BOBAOPPA meme coin and is asking for a 1 SOL minimum deposit for users who want to become eligible for its airdrop.
A Solana (SOL) address received over $40 million within 24 hours in the latest episode of the ‘meme coin pre-sale mania.’ A user on X who goes by Bobaoppa published the wallet address for investors interested in joining the pre-sale of the dog-themed meme coin BOBAOPPA, with a 1 SOL minimum investment.
The dog used to illustrate and promote the meme coin is the pet of Jeffrey Huang, who is also the person behind the pre-sale. The crypto community better knows Huang as Machi Big Brother, a controversial figure in crypto accused of allegedly promoting decentralized finance (DeFi) projects for his benefit, with most of these applications ending in losses for its investors.
These allegations escalated after the blockchain sleuth who identifies himself as ZachXBT published an article titled “A Story of Machi Big Brother”, where he addresses different projects where Huang allegedly took advantage of investors.
This article prompted a defamation lawsuit by Huang against ZachXBT in June 2023, which was dropped in August of the same year after the blockchain sleuth agreed to change part of the article’s content.
As previously reported by Crypto Briefing, the meme coin pre-sale investment model became popular recently with $150 million in SOL being raised in less than a week. It consists of investors depositing funds to someone’s wallet, instead of a smart contract, and hoping to get a meme coin in exchange.
This risky type of investment became popular after its first instance in 2024, the ‘Book of Meme’ token, amassed $100 million in SOL and soared 5,000% in 72 hours. Since then, a few other crypto-known figures tried to replicate this pre-sale model.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing's own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
