Two weeks ago, the Eddie Seal memecoin project ($EDSE) began raising funds for development through a presale event. On Wednesday, a controversial post appeared on the project&#39;s Twitter, where the team labeled the presale investors as &#39;morons’.<blockquote>&#34;You morons. You invest in a presale of a new memecoin and then cry when someone runs off with the money. Get a grip and be careful because 99% of presales are scams. We have returned all the payments to the wallets from which they were sent. Eddie will proceed without a presale!&#34; <a href="https://twitter.com/eddie_EDSE/status/1788161006679580718" rel="noopener noreferrer nofollow">reads the tweet from Eddie Seal profile</a>.</blockquote>This incident is quite unusual, given market norms. Memecoins are not financial instruments, hence funds raised through presales are not regulated in any way. It is unprecedented for a project team to refund all investments made by individuals.The refund might have been an attempt by the Eddie Seal team to build credibility within the crypto community, especially as Eddie Seal has announced six marketing rounds aimed at reaching a $1 billion marketcap. The campaign will culminate in an Eddie Seal cartoon, in the style of Rick and Morty or Family Guy. The six marketing rounds include sponsoring a Formula 1 team, a Harry Styles (or another top tier star) concert at Wembley with tickets for $1EDSE, a ‘spending money competition’ with 10,000 credit cards linked to one account, and a $3 million donation to MrBeast for spending in one of his videos.It was also announced that the team plans to distribute part of the $EDSE tokens to the community gathered around the project in the form of an AirDrop. Sign-ups are expected to start soon.The price of the $EDSE token in the coming days will reveal how the market has reacted. The token contract address for price tracking is available at <a href="https://www.eddieseal.org/" rel="noopener noreferrer nofollow">eddieseal.org</a> or listed here: 2Zvo6bnwJtyXhsPgbcfajTrEtB7NwrJhK8mMmtEXvHHc<a href="https://x.com/eddie_edse?s&#61;21&amp;t&#61;vm3Gh7cIvaITmvaQCJudNQ" rel="noopener noreferrer nofollow">X (Twitter)</a> | <a href="https://t.me/eddie_EDSE" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://www.instagram.com/eddie_edse?igsh&#61;MTFwMG8zbGdjbnh1Zw&#61;&#61;" rel="noopener noreferrer nofollow">Instagram</a>Press release: This is a paid press release! Crypto Adventure does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Crypto Adventure is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

Memecoin Madness: Eddie Seal Team Insults Investors and Returns Money from Presale

Crypto Adventure

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