Original author: @StarPlatinumSOL
Original translation: zhouzhou, BlockBeats
Editor's Note: This content discusses two KOLs in the crypto space—Books and Shillin Villain—who are conducting a "social experiment" through token presales. The tokens they launched, such as $COPE and $POGE, have most of their supply controlled by the team, leading to a rapid collapse in token prices after issuance. They also introduced an early access pass (0.5 SOL, 1000 supply) to provide an opportunity for users who want to participate in the token issuance early. The two have repeatedly manipulated the market by controlling token supply, ultimately resulting in a price crash and losses for investors.
The following is the original content (reorganized for better readability):
A group of KOLs seems to be launching tokens and selling them to their fans.
No one is talking about it, but this is happening.
To understand this chaos, we need to talk about the main figures involved in these token issuances:
• Books, also known as @DaoKwonDo
• @ShiLLin_ViLLian
Both have a long and controversial history in the crypto space.
Shillin Villain was once the most popular Spaces host in CT.
He launched DeFi Apes with Bark,
but the project eventually collapsed, losing 22K ETH and shutting down.
His biggest scandal is Network Token,
where he allegedly harmed his own community during a failed issuance, resulting in millions in losses.
Books has been active in this circle since 2021.
He has been involved in several failed NFT projects.
His recent controversy is $POX,
a failed Solana project.
He hyped the project, but issues emerged after the issuance.
Another token possibly related to Books is $WILDNOUT.
It is promoted by @NickCannon, who has a following of 4 million.
However, insiders hold most of the supply.
This makes it easy to manipulate, pump, dump, and then disappear.
At some point this year, these two KOLs teamed up in a live stream.
Books runs a paid Alpha group, sharing investment advice for a fee of $25.
That’s when they started conducting "social experiments" involving token presales.
• 31% allocated to the team
• 31% allocated to 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 some of the tokens, but after issuance, the token price quickly collapsed.
After the collapse of $COPE, the next token launched was $POGE. These two KOLs seemed to control 95% of the supply, giving them complete control over the price, with the same result.
Their other "social experiment" was the early access pass. The total supply was 1000. Minting price: 0.5 SOL. This was prepared for those who wanted to participate in the token issuance early.
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