FaZe CEO Comot After MLG Memecoin Alleged Rug Pull
FaZe Clan CEO Richard “Banks” Bengtson don resign indefinitely afta di MLG memecoin collapse wey spark rug pull allegations. Di token surge na drive by social media hype from Banks and influencer Adin Ross. Wen prices crash, one leaked chat reveal Banks dey accuse Ross of use him followers as exit liquidity. Ross confirm di leak but deny wrongdoing. Banks deny misconduct but talk say di scandal don ruin him brand forever. Him comot leave FaZe Clan without clear leadership and show transparency wahala for influencer-led tokens. Meanwhile, XRP holders dey face more and more deepfake scams. Traders suppose dey watch regulatory scrutiny of influencer endorsements and possible contagion among memecoin projects.
Bearish
Allegations sayin rug pull and CEO resignation don dey shak confidence for MLG memecoin. Traders fit sell for short term as dem dey waka comot because legal and reputational wahala. For long term, regulators go dey watch influencer-led token launches well well so e fit make new money no enter like before, wey fit make price go down more.