Memecoin Insanity: Eddie Seal Group Insults Traders and Returns Cash from Presale

Two weeks in the past, the Eddie Seal memecoin undertaking ($EDSE) started elevating funds for growth via a presale occasion. On Wednesday, a controversial publish appeared on the undertaking’s Twitter, the place the group labeled the presale traders as ‘morons’.

“You morons. You spend money on a presale of a brand new memecoin after which cry when somebody runs off with the cash. Get a grip and watch out as a result of 99% of presales are scams. We’ve returned all of the funds to the wallets from which they had been despatched. Eddie will proceed with out a presale!” reads the tweet from Eddie Seal profile.

This incident is sort of uncommon, given market norms. Memecoins usually are not monetary devices, therefore funds raised via presales usually are not regulated in any method. It’s unprecedented for a undertaking group to refund all investments made by people.

The refund may need been an try by the Eddie Seal group to construct credibility inside the crypto neighborhood, particularly as Eddie Seal has introduced six advertising and marketing rounds geared toward reaching a $1 billion marketcap. The marketing campaign will culminate in an Eddie Seal cartoon, within the type of Rick and Morty or Household Man. The six advertising and marketing rounds embody sponsoring a System 1 group, a Harry Types (or one other high tier star) live performance at Wembley with tickets for $1EDSE, a ‘spending cash competitors’ with 10,000 bank cards linked to at least one account, and a $3 million donation to MrBeast for spending in one among his movies.

It was additionally introduced that the group plans to distribute a part of the $EDSE tokens to the neighborhood gathered across the undertaking within the type of an AirDrop. Signal-ups are anticipated to begin quickly.

The worth of the $EDSE token within the coming days will reveal how the market has reacted. The token contract tackle for value monitoring is on the market at or listed right here: 2Zvo6bnwJtyXhsPgbcfajTrEtB7NwrJhK8mMmtEXvHHc

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