2024

FOMO

<p>Have you all heard about the latest trend in the crypto space? The BOBAOPPA is spearheaded by MachiBigBrother, who is a famous NFT trader. In the meteoric race of what could be the world’s best memecoin, BOBAOPPA stands out after raising $42,000,000 in its pre-sale in just a few days.&nbsp;</p>
<p>With the recent surge, crypto traders have started to ask questions as they doubt the validity of the memecoin. Some websites have clearly said, “This Token Contract is a SCAM!!” So, what is the truth?</p>
<h2 class="wp-block-heading" id="what-is-bobaoppa">What is BOBAOPPA?</h2>
<p>BOBAOPPA is a memecoin project based on a borrowed idea about a dog named Boba Oppa. The project is spearheaded by investor Huang Licheng, known as Machi Big Brother.</p>
<p>The<a href="https://bobaoppa.xyz/" rel="noopener noreferrer nofollow" target="_blank"> project’s website</a> reads, <strong><em>“Once upon a time, Boba Oppa, son of Machi Big Brother, set out on a journey for generational wealth and to lose his virginity. Through his trials and tribulations, he created $BOBAOPPA, the memecoin that harnesses the power of DeFi.”</em></strong></p>
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   <p lang="en" dir="ltr">My son is taking his talents to Solana <a href="https://t.co/WvQBhEIVkg" rel="noopener noreferrer nofollow" target="_blank">https://t.co/WvQBhEIVkg</a></p>— Machi Big Brother (@machibigbrother) <a href="https://twitter.com/machibigbrother/status/1773012603167486348?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">March 27, 2024</a>
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<p>At the time of writing, the token remains in its presale phase. The coin’s presale success story stands in complete contrast with Machi Big Brother’s controversial past in the crypto space.</p>
<p>Huang was involved in several initial coin offerings (ICOs), whose results broke crypto investors’ trust in the crypto market. Recently, the Taiwanese singer and actor was threatened with legal action by an investigator who looked into his past crypto ventures and promotions.&nbsp;</p>
<p>Some of the ICOs he has been tied to include Mithril, Formosa, Machi X, Cream Finance, and Mith Cash. It’s best to say that the projects did not live up to what he promised they would be. These projects’ performance was brought to light by ZachXBT in 2022. The faults found run from poor governance to financial impropriety.</p>
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   <p lang="en" dir="ltr">1/2 Today <a href="https://twitter.com/machibigbrother?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@machibigbrother</a> has agreed to voluntarily withdraw the lawsuit. I have updated my article with additional context from Machi + edits from myself<br><br>While I am disappointed it went down the legal route in the first place I am appreciative we are able to find a resolution</p>— ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1691116363891552256?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">August 14, 2023</a>
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<p>So, how did the BOBAOPPA presale come to be? Details have it that it was launched on Wednesday. Developers asked investors to purchase BOBAOPPA at the conversion rate of 1 SOL to 99,500 BOBAOPPA. Investors are capped at 1,000 SOL. However, one had the option to use multiple wallets to invest more.&nbsp;</p>
<h2 class="wp-block-heading" id="is-bobaoppa-a-scam">Is BOBAOPPA a scam?</h2>
<p>On-chain data on Solscan data shows that&nbsp; BOBAOPPA raised over 220,000 SOL. The amount totals to an equivalent of $41.6 million. Investors could lose their investment because of what many are calling a rug pull or a celebrity scam. Why? The founder is a celebrity based in Taiwan.</p>
<p>Huang Licheng, his real name is Jeffrey Huang, and he is a native singer from Taiwan. For a while now, he has had massive involvement in the crypto space where he goes by Machi Big Brother. His presale fundraising and how he went about it has received mixed reactions from the community.&nbsp;</p>
<p>Happy matchday, Arsenal and Man City. Wait, you are not happy. Why? You lost money to big brothers BOBAOPPA, and I have your tweets for proof.</p>
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   <p lang="en" dir="ltr">i bought $50K worth of this coin and now it’s worth $7 <a href="https://t.co/SkrCvyadT7" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/SkrCvyadT7</a></p>— Iced (@IcedKnife) <a href="https://twitter.com/IcedKnife/status/1774369451141427550?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">March 31, 2024</a>
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<p>In the past, Machi Big Brother has been associated with pump-and-dump schemes. This has cast a shadow of doubt over BOBAOPPA’s intentions and its future. Did you expect different results? Don’t tell me you did?!!&nbsp;</p>
<p>Amid the mixed crypto reactions,<a href="https://twitter.com/goblinking1945/status/1773991082596118679" rel="noopener noreferrer nofollow" target="_blank"> one investor</a> notes that, “I told you, even back in @BoredApeYC suit clubs @machibigbrother was always finding an angle to extract money from apes by shilling nft scam projects. This is inevitable. and one of main reason I left the club is i didnt want to have the same pfp as these scammers.”</p>
<p>You want more!!</p>
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   <p lang="en" dir="ltr">🚨WILD <a href="https://twitter.com/machibigbrother?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@machibigbrother</a> $BOBAOPPA RUG UPDATE 🚨<br><br>Well this was a wild spaces and it was an hour but decided to clip up some of the better parts. <br><br>Clip 1: <a href="https://twitter.com/machibigbrother?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@machibigbrother</a>’s dog <a href="https://twitter.com/bobaoppa?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@bobaoppa</a> told him “Dad I want to launch a coin”. Even though he’s a self admitted alleged grifter and… <a href="https://t.co/kskSA1Ifas" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/kskSA1Ifas</a></p>— doitbigchicago (@doitbigchicago) <a href="https://twitter.com/doitbigchicago/status/1774062579142533627?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">March 30, 2024</a>
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<p>Here is a cautionary investment tale. At the time of writing, Boba Oppa’s native token is wort is worth $0.0004807. Per the on-chain data, the coin is 24.8% down from yesterday.&nbsp;</p>
<p>In addition to doubts surrounding the project’s viability, many investors have accused Machi Big Brother of perhaps starting a rug-pull scam. These sorts have been prevalent because they take advantage of FOMO psychology to steal from unwitty crypto investors.&nbsp;</p>
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<p>In the bull market and the bear season, it is clear that crypto endorsements tied to celebrities have brought nothing but loss. The like of Kim Kardashian paid millions in fines brought upon her by the US SEC. For how long will you let celebrities influence your investment portfolio? Isn’t it why we find ourselves here today?&nbsp;</p>

Crypto FOMO shifts gears from Bitcoin to BOBAOPPA by Machi Big Brother – Wait!! Is it a scam?

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