- Sahil Arora gained notoriety due to the well-known rapper’s notoriety and was paid $380,000 for a phony Iggy Azalea token.
- Arora transferred 2,296 SOL for other projects and $100,000 to exchanges, depriving members of their promised tokens.
Reputable celebrity cryptocurrency promoter Sahil Arora is facing backlash, after accepting $380,000 in presale funds for a phony Iggy Azalea token. Participants stated that even though money moved from the presale wallet more than a month later, they still haven’t received any tokens.
A well-known cryptocurrency advocate is accused with fraud
SOL valued at almost $100,000 has been transferred to controlled markets, most likely for sale.
Iggy Azalea, an Australian rapper, was allegedly launching the IGGY meme coin through Arora. Acclaimed for initiating token sales for high-profile individuals such as Rich the Kid and Caitlyn Jenner, and allegedly Arora expeditiously amassed $380,000 in presale cash for the counterfeit Iggy Azalea token.
Real Token Exceeds Fake Iggy Azalea Token
Azalea condemned Arora and established her official token, MOTHER, which achieved a $26 million market cap in less than a day, despite its initial lackluster popularity, peaking just shy of a $3 million market cap on Pump.fun.
The IGGY presale wallet held $380,000 when the public’s focus switched. More than 2,296 SOL have left the wallet in the last month; some have gone to other wallets, centralized exchanges, and intermediary wallets, while some have launched new currencies on Pump.fun. Participants in the presale have still not gotten their airdropped IGGY tokens, nevertheless.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
