ZachXBT 16 X (Twitter) accounts exposed Shilling meme coins

On-chain sleuth ZachXBT has uncovered a series of X (Twitter) accounts focused on Shilling meme coins. An individual is said to control these X accounts.

The man used these tags to shill meme coins like ANALOS, BALLZ and CATDOG. Additionally, rumors suggest that they are also involved in promoting Polkadot (DOT).

Individual shills meme coins with 16 X labels

ZachXBT reports that X's tag “ardizor” is linked to 16 other tags, most of which display a blue check mark. These accounts have a large following, ranging from tens of thousands to several hundreds of thousands of followers.

Read More: Who Is ZachXBT, The Crypto Sleuth Scam Exposer?

Ardizor's account currently has over 375,000 followers and his Telegram channel has over 172,000 participants. Despite the initial introduction of promotional coins such as ANALOS, BALLZ and CATDOG, the value of these tokens has since fallen.

Moreover, many of these accounts are believed to be participants in the Polkadot (DOT) marketing campaign that sparked controversy in early July. In the year In the first half of 2024, the project allocated $36.7 million for advertising and payments to key opinion leaders (KOLs).

Additionally, Wazz claims that X-label Ardizor is one of the paid KOLs for this campaign.

Everyone is talking about the DOT marketing campaign. But no one is saying how the Ardizor fraud ring was able to acquire the 5-6 Twitter accounts it controlled in multiple $400,000+ deals, Waz alleges.

Wazz noticed that all these accounts have the same style. ZachXBT also agreed with Wazz's findings, reaffirming that this group is associated with the DOT campaign.

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Moreover, there are other challenges with the meme coin ecosystem. Many celebrities have introduced their own meme coins, including Cardi B. However, most of these celebrity-backed meme coins tend to drop in value significantly within a short period of time.