TechFlow news, October 7 — According to Cointelegraph, on-chain investigator ZachXBT accused crypto influencer Zion "Ansem" Thomas of promoting a series of meme coins, potentially engaging in market manipulation. In a post on social platform X, ZachXBT claimed that Thomas promoted "hundreds" of low-market-cap meme coins to his 507,000 followers, which could have disproportionately influenced the prices of these tokens. He specifically mentioned tokens including BODEN, HOBBES, ZEUS, and WYNN, as well as several celebrity meme coins.
Thomas responded by noting he had recommended Dogwifhat (WIF) when its market cap was just $100,000—a coin that later reached a peak market cap of $4.8 billion. He argued this outperformed utility tokens such as Chainlink (LINK), which has fallen 90% against Bitcoin this year. ZachXBT further pointed out that the majority of low-market-cap tokens promoted by Thomas have since sharply declined in value. Data shows BODEN has dropped nearly 99% from its April peak, while HOBBES, ZEUS, and WYNN have each fallen approximately 98%.
