Solana-based Rollbit Coin faces scrutiny over crypto influencer promotion tactics
Several crypto influencers were called out for the undisclosed promotion of Rollbit Coin's token.
Grizzly accused several crypto influencers of posting undisclosed promotions of Rollbit Coin (RLB) – a small-cap Solana-based casino project.
Crypto influencers accused of undisclosed shilling
The self-described “chief rug officer” at Pymons, the P2E platform, drew attention to a message posted by the Owner of Rollbit Coin, “Lucky,” who called on “existing partners” to participate in a “new bonus structure.”
“we’ve came up with a new bonus structure in relation to RLB growth for our existing partners to align motivation and share more of Rollbit’s success.”
Lucky stated that influencers who promote RLB stand to gain $250,000 in the token if its price hits $0.20 and stays above that level for at least a week. A condition of participating was “several organic RLB tweets” each week.
Grizzly posted examples of crypto Twitter accounts mentioning RLB in passing. The accounts shown belong to Pentoshi, who said, “RLB is interesting to me,” and cevo, who posted a price prediction of “another 10x from here.”
However, in this tweet thread, Grizzly focused mainly on an influencer called “Gainzy.” Specifically, Grizzly highlighted a post in which Gainzy said he bought $400,000 RLB but, having reviewed his wallet history, questioned why he sold the tokens over two weeks.
Grizzly posed two possibilities, the selling was done innocently to remain sufficiently liquid, or the action was part of his promotion of the RLB token.
“Why is Gainzy shilling a token that he is actively dumping, through a mixer and to a new address (and not the original address). Surely must be for “liquidity” purposes.“
As the issue was circulating on social media, Gainzy denied promoting “anything token related,” adding that his past RLB calls had lost him tens of millions.
“I don’t get paid to do anything token related, I lost 7 figures of my own funds buying rlb, and you’re not going to see another rlb tweet from me because this has been beyond -ev“
However, Gainzy admitted to promoting the Rollbit Coin platform, not the token, saying he cannot comment on the incentive structure of other crypto influencers.
Grizzly said he would “share the rest” but requested Rollbit Coin make an official statement to save the “back-and-forth” between himself and the accused influencers.
So far, the gambling platform has not responded.