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WallStreetBets-Linked Token Plummets in Price After Mod Appears to Dump Tokens

A key figure behind a cryptocurrency associated with the WallStreetBets subreddit appears to have sold off a large number of the tokens that had been reserved for the team.

The WSB Coin community sounded the alarm this morning, pointing to blockchain data that shows zjz.eth — who according to his Twitter profile runs WallStreetBets’ moderation bots — selling off large sums of WSB Coin via Uniswap over the course of a few hours.

WSB Coin’s price plummeted nearly 90% in the hours after the news, according to CoinGecko data.

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