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News Explorer — SMASH and Grab? UFC Star’s Meme Coin Gets KO’ed

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Jul 4, 8:50 pm

Decrypt

SMASH and Grab? UFC Star’s Meme Coin Gets KO’ed

Undefeated UFC fighter Khamzat Chimaev has joined the crypto world by launching his own meme coin called SMASH. However, the token quickly plummeted in value, leading to accusations of a pump-and-dump scheme. Crypto veterans pointed out that insider wallets linked to Chimaev's development team were responsible for dumping most of the token's supply, suggesting it was an orchestrated scam. Chimaev has since deleted all tweets related to crypto and his SMASH token.

Undefeated UFC fighter Khamzat Chimaev has joined the crypto world by launching his own meme coin called SMASH. However, the token quickly plummeted in value, leading to accusations of a pump-and-dump scheme. Crypto veterans pointed out that insider wallets linked to Chimaev's development team were responsible for dumping most of the token's supply, suggesting it was an orchestrated scam. Chimaev has since deleted all tweets related to crypto and his SMASH token.

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