Blockspectator

One of crypto's largest KOLs has been secretly extracting millions from his audience We’ll expose him soon Unfortunately, he’s just a symptom of a much bigger problem Social trading has brought out the worst in KOLs. It was designed to keep them honest by making every trade public. In reality, the opposite happened In just a few weeks, we exposed a number of "top social traders" using the same tricks: • Public wallets to attract copy traders • Side wallets to dump • Callouts to farm rewards • Bundled tokens to hide supply And there are plenty more doing the exact same thing Why? Because our industry incentivizes it 1) Launchpads allow it Most launchpads today are obsessed with one thing: volume. Millions in callout rewards, affiliate links, and top leaderboards. Almost nothing on detecting bundles, side wallets, or shady traders. Scams drive volume. Launchpads have no reason to stop it (other than actually caring about their users) 2) Social trading incentivizes it Side wallets have become a business model. Before social trading, only big KOLs could do it. Now, anyone who lands on a leaderboard can monetize by dumping on their copy-traders. The temptation is real 3) CT normalizes bundle culture “Everyone bundles. It's how it's done" - an excuse we hear every time we expose a KOL. Supply control isn't the problem. Hiding it is. If it's so bullish, why hide it? Spoiler: because you're planning to sell *** Launchpads are paying millions to dishonest KOLs. It's time they start taking it seriously Audit the top traders. Expose their side wallets. Ban repeat offenders We have the tools. What's missing is the willingness to use them No one's coming to save us