Life Token

April

Orion

Flokinomics

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	<p>In recent weeks, influencers have been praising @souljaboy for his involvement in new NFT projects, hoping to gain clout. However, <a href="https://twitter.com/zachxbt/status/1648689689669300224" rel="nofollow noopener" target="_blank">ZachXBT&#8217;s</a> <a href="https://twitter.com/zachxbt/status/1648689689669300224" rel="nofollow noopener" target="_blank">research</a> has shown that Soulja Boy has been one of the most shameless promoters in the crypto space, with 73 promotions and 16 NFT drops to his name, many of which were scams.</p>
<p>Despite being based in the US and expected to follow FTC guidelines, Soulja Boy has continuously ignored these regulations. Recently, he faced charges from the SEC for Tron and was sued for Safemoon.</p>
<h1 id="strong-examples-of-scam-involvement-strong"><strong>Examples of scam involvement</strong></h1>
<h2 id="rapdoge">RapDoge</h2>
<p>On July 19, 2021, Soulja Boy tweeted about pumping $RAPDOGE, which ultimately rug pulled after receiving support from other influencers like Lil Yachty and Quavo.</p>
<p><img decoding="async" class="alignnone wp-image-21005 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-19.jpg" alt="ezgif.com webp to jpg 19" width="521" height="435" srcset="https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-19.jpg 521w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-19-300x250.jpg 300w" sizes="(max-width: 521px) 100vw, 521px" title="Soulja Boy&#039;s crypto scams, shady NFTs, and infringement 6"></p>
<h2 id="orion-the-life-token">Orion &amp; The Life Token</h2>
<p>These projects exploited cancer and suicide prevention charities to inflate their value. Orion rugged within a month, while The Life Token was abandoned in early 2022.</p>
<p><img decoding="async" class="alignnone wp-image-21006 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-20.jpg" alt="ezgif.com webp to jpg 20" width="1290" height="983" srcset="https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-20.jpg 1290w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-20-300x229.jpg 300w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-20-1024x780.jpg 1024w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-20-768x585.jpg 768w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-20-750x572.jpg 750w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-20-1140x869.jpg 1140w" sizes="(max-width: 1290px) 100vw, 1290px" title="Soulja Boy&#039;s crypto scams, shady NFTs, and infringement 7"></p>
<h2 id="safermars">SaferMars</h2>
<p>In a now-deleted tweet, Soulja Boy accidentally revealed his compensation details for promoting SaferMars. The project rug pulled shortly after.</p>
<p><img decoding="async" class="alignnone wp-image-21007 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-21.jpg" alt="ezgif.com webp to jpg 21" width="1256" height="420" srcset="https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-21.jpg 1256w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-21-300x100.jpg 300w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-21-1024x342.jpg 1024w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-21-768x257.jpg 768w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-21-750x251.jpg 750w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-21-1140x381.jpg 1140w" sizes="(max-width: 1256px) 100vw, 1256px" title="Soulja Boy&#039;s crypto scams, shady NFTs, and infringement 8"></p>
<h2 id="flokinomics">Flokinomics</h2>
<p>Soulja Boy promoted this scam that claimed to be created by Elon Musk and paid for media features. Eventually, the project&#8217;s Twitter and website were deleted.</p>
<p><img decoding="async" class="alignnone wp-image-21008 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-22.jpg" alt="ezgif.com webp to jpg 22" width="1290" height="1168" srcset="https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-22.jpg 1290w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-22-300x272.jpg 300w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-22-1024x927.jpg 1024w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-22-768x695.jpg 768w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-22-750x679.jpg 750w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-22-1140x1032.jpg 1140w" sizes="(max-width: 1290px) 100vw, 1290px" title="Soulja Boy&#039;s crypto scams, shady NFTs, and infringement 9"></p>
<h2 id="parrotsdao">ParrotsDAO</h2>
<p>After Soulja Boy encouraged his followers to &#8220;Get yo money up and stake,&#8221; the project rug pulled within 24 hours, and he deleted all evidence.</p>
<p><img decoding="async" class="alignnone wp-image-21009 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-23.jpg" alt="ezgif.com webp to jpg 23" width="1222" height="1314" srcset="https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-23.jpg 1222w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-23-279x300.jpg 279w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-23-952x1024.jpg 952w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-23-768x826.jpg 768w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-23-750x806.jpg 750w, https://crypto.ro/en/wp-content/uploads/2023/04/ezgif.com-webp-to-jpg-23-1140x1226.jpg 1140w" sizes="(max-width: 1222px) 100vw, 1222px" title="Soulja Boy&#039;s crypto scams, shady NFTs, and infringement 10"></p>
<p>&nbsp;</p>
<h1 id="strong-questionable-nft-drops-strong"><strong>Questionable NFT Drops</strong></h1>
<p>In 2021 alone, Soulja Boy dropped nine different NFT collections. One such collection, SouljaBoyNFT, promised utility but is now offline. In April 2023, he released seven additional NFTs. One of these NFTs included a 3D Ferrari and Nike logo, which was quickly blocked from OpenSea due to IP infringement.</p>
<p>Many of his recent NFT drops have advertised utility, such as exclusive content for an upcoming blockchain video game and member-only benefits. Despite this, he continues to create new NFTs while disregarding previous buyers.</p>
<h1 id="strong-estimated-earnings-from-crypto-promotions-strong"><strong>Estimated Earnings from Crypto Promotions</strong></h1>
<p>During the last crypto bull run, Soulja Boy charged up to $12,000 for Instagram and $10,000 for Twitter promotions. Using these figures, his promotions would have earned him an estimated $730,000, not including funds from his various NFT collections.</p>
<p>As Soulja Boy continues to participate in the crypto space, potential buyers and investors should be cautious and conduct thorough research before getting involved with any projects he promotes.</p>

Soulja Boy’s crypto scams, shady NFTs, and infringement

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