Floyd Mayweather has been writing a lot about the FLOYD token lately. However, then he suddenly deleted his advertising posts, causing ZachXBT concerns about the possible failure of the crypto project.
The athlete often implemented schemes for pumping and dumping the asset price (pump and dump), contributing to the artificial overestimation of the token rate before cashing out his own investments. While leaving other depositors with empty pockets. ZachXBT urged subscribers to be wary of veiled calls from celebrities to invest in questionable tokens.
The blockchain detective recalled that boxer has already made tens of millions of dollars in profits from the projects Mayweverse, Ethereum Max, Bored Bunny, Real Floyd NFT and Moonshot, as well as from other crypto projects that conducted ICOs in 2018. The listed startups turned out to be fraudulent, ZachXBT stressed. And rhetorically asked readers: does Mayweather deserve to be trusted?
For those unfamiliar with all of his previous crypto/NFT related scams read this.
NFT scams: Mayweverse, RealFloydNFT, Promoted scams: Ethereum Max, Bored Bunny, Moonshot, & 2018 ICOs. https://t.co/JaNLdhsPqR
In 2022, one of the investors in the Ethereum Max token sued Floyd Mayweather, accusing the athlete of colluding with the founders of the project and selling tokens to raise the price. In 2018, the U.S. Securities and Exchange Commission (SEC) fined boxer for promoting a fraudulent ICO.