Exploiting Token Presales for 'Social Experiments': A Look at Books and Shillin Villain

This content highlights the actions of two KOLs - Books and Shillin Villain - who are engaging in what they term a 'social experiment' by launching tokens with the aim of observing the market's response.

The tokens, such as $COPE and $POGE, have a majority of the supply controlled by the team, which leads to a rapid decrease in token prices after issuance.

They also launched an early access pass (0.5 SOL, 1000 in total) for users who wish to participate in the token issuance early.

The two KOLs have been involved in several failed projects, and they continue to manipulate the market by controlling the token supplies, ultimately causing the price to crash and investors to lose money.

This behavior has been met with criticism from members of the community.

Here's a summary of the content:

A group of KOLs on the social media platform X, formerly known as Twitter, appear to be engaging in the practice of launching tokens and selling them to their fans. While this activity is not illegal, it raises ethical concerns.

Several KOLs have been launching tokens throughout the year, but most of these tokens have experienced a significant decline in price, with some even becoming nearly worthless.

The tokens are being sold to the KOLs' fans, who may not fully understand the risks involved.

Some viewers have pointed out that the two KOLs are engaging in a 'social experiment' by launching tokens and observing the market's response.

One of the first tokens they launched together was $COPE. The team holds most of the supply. For a period, they were even locking up part of the tokens. After the issuance, the token prices quickly collapsed.

After the collapse of $COPE, the next token launched was $POGE. The two KOLs seem to control 95% of the supply, giving them complete control over the price, with the same results.

Their other 'social experiment' is an early access pass. The total supply is 1000. Minting price: 0.5 SOL. This is intended for those who want to participate in the token issuance early.

The two KOLs have a long and controversial history in the crypto space. Shillin Villain was once the most popular Spaces host on CT. He launched DeFi Apes together with Bark, but the project eventually collapsed, losing 22K ETH and shutting down. His biggest scandal is the Network Token. It is alleged that during a failed issuance, he harmed his own community, resulting in millions of losses.

On the other hand, Books has been active in this circle since 2021. He has been involved in several NFT projects that ended in failure. His recent controversy is $POX, a failed Solana project. Books promoted the project, but issues emerged after the issuance. Another token possibly related to Books is $WILDNOUT, which is being promoted by Nick Cannon, who has 4 million followers. But insiders held most of the supply, making it easy to manipulate the price surge, sell off, and then disappear.

At some point this year, these two KOLs teamed up in a live broadcast. Books operates a paid Alpha group, sharing investment advice for a fee of $25. That was when they began conducting a 'social experiment' involving token presales. 31% allocated for the team and 31% allocated for market making.

One of the first tokens they launched was $COPE. Most of the supply was held by the team. For a time, they even locked up part of the tokens, but after the issuance, the token prices quickly collapsed. After the collapse of $COPE, the next token launched was $POGE. These two KOLs seem to control 95% of the supply, giving them complete control over the price, with the same results.

Their other 'social experiment' is an early access pass. The total supply is 1000. Minting price: 0.5 SOL. This is intended for those who want to participate in the token issuance early.

The two KOLs have been met with criticism from members of the community for their actions. One user said that these KOLs are scamming new members. Another user said that it's pathetic how they're still trying to shill their tokens.

It remains to be seen what impact these actions will have on the broader crypto ecosystem. However, it's clear that there are concerns about the way in which some KOLs are using their influence to promote tokens to their fans.

This content is for informational purposes only and does not provide investment advice. Always conduct thorough research and consider your own financial situation before making any investment decisions.

Here's the original post from @StarPlatinumSOL:

Recently, there's been a lot of discussion regarding two KOLs - Books and Shillin Villain - who are engaging in what