A Solana (SOL)-based altcoin project is under the spotlight with crypto influencers it works with for advertising and marketing campaigns. Several crypto figures have been investigated for the undisclosed promotion of the project. The price is showing a double-digit drop…
Solana-based altcoin project accused of manipulation
Rollbit Coin (RLB), a small Solana-based casino project, is on the agenda with its manipulative campaigns through cryptocurrency foremen. Rollbit investor “Lucky”, who describes himself as a “chief executive” at P2E platform Pymons, recently pointed to a message urging people to join a “new bonus structure”.
“To align the motivation and further share the success of Rollbit, we have found a new bonus structure for our existing partners regarding RLB growth,” the message read. Lucky stated that phenoms supporting RLB will earn $250,000 in the token if its price reaches $0.20 and stays above this level for at least a week. The condition of participation was “several organic RLB tweets” each week.
The allegations made by market watcher Grizzly revealed the marketing campaigns of Rollbit Coin (RLB) on the phenomenon. Grizzly posted examples of crypto Twitter accounts mentioning RLB. The accounts shown are those of Pentoshi, who said “RLB is interesting to me”, and Cevo, who posted a price estimate “10x from here”.
Rollbit Coin (RLB) has worked with a large staff of phenomena
But in this thread of tweets, Grizzly mainly focused on an influencer named “Gainzy”. Specifically, Grizzly highlighted a post in which Gainzy said he bought 400,000 RLBs but questioned why he sold the tokens for two weeks after examining his wallet history. Grizzly posed two possibilities, either the sale was innocently made to stay liquid enough, or the action was part of RLB’s promotion.
As the topic circulated on social media, Gainzy refused to promote “anything token-related,” adding that past RLB searches have lost him tens of millions of dollars: “I’m not getting paid to do anything RLB-related, I lost 7 figures of my own funds by buying RLB, and I’ve lost another one. You will not see the RLB tweet”.
However, Gainzy admitted that he is promoting the Rollbit Coin platform, not the altcoin project, saying that other crypto influencers cannot comment on the incentive structure. Grizzly said he would “share the rest” but asked Rollbit Coin to make an official statement to save the “back and forth” between him and the accused phenom. The Rollbit team has not yet brought a clear answer to the allegations at this time.
Altcoin price drops in double digits amid development
Rollbit Price (RLB), which is out of the top 2,500 by market capitalization, is losing 13% amid the allegations that have swept social media. The altcoin slumped from its intraday high of $0.01822 to $0.01549 after the news.
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