Crypto Influencer Jaypeg Accused of “Uptober” Meme Coin Pump and Dump

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Crypto influencer Jaypeg has come under fire for allegedly scamming the “Uptober” meme coin project in a Pump and Dump scheme. According to claims made by the Uptober team, Jaypeg accepted a deal to promote the token in exchange for 2% of its total supply, valued at roughly $2,200.

However, instead of honoring the agreement, Jaypeg is accused of selling the tokens, denying he received them, and deleting transaction evidence.

The controversy began when Jaypeg reportedly struck a deal with the Uptober team through a Telegram group.

The agreement involved Jaypeg promoting the newly launched meme coin in exchange for 2% of its total supply.

The deal seemed straightforward until Jaypeg received the tokens.

Once the tokens were transferred to a wallet address shared by Jaypeg, he allegedly deleted the messages containing the address from the group chat, claiming the address was “random” and that he had not received the tokens.

3. After receiving the transfer, @0xjaypeg immediately deleted the wallet address, as seen in these screenshots of the deleted messages. Apparently, @0xjaypeg wasn't aware that messages in groups can be restored.@SOLBigBrain @fomomofosol @itstylersays @Jeremyybtc @goatysteve1 pic.twitter.com/BLSgiAPGbt

Shortly after, the team noticed the tokens were sold, leading to suspicions that Jaypeg had dumped his allocation without fulfilling his promotional obligations.

To address these concerns, the Uptober team sought help from ZackXBT, a well-known blockchain sleuth who launched an investigation into the incident.

ZackXBT