ZachXBT dey claim say presale moni for BlockDAG & ZKP carry go marketing
On-chain investigator ZachXBT tok say BlockDAG and ZKP presale funds—about $25 million for the latest claim—dem mix and redirect go influencer promotion and gambling-related marketing, instead make dem keep am for investors. ZachXBT claim say BlockDAG and ZKP presale materials no talk say the funds fit support other businesses. Him trace show pooled wallets, cross-chain bridging and exchange hops before e reach addresses wey connect to KOL/streamer payments linked to Spartans and related entities. The warning dey build on earlier controversy about BlockDAG long presale and opaque treasury handling. ZachXBT don yan before say the presale run pass two years and funds dem off-ramped through Middle Eastern OTC channels while Gurhan Kiziloz allegedly spend heavy for other places. Other reports still raise concern about Kiziloz control influence and claim total retail inflows reach hundreds of millions. Trading takeaway: if the claims about BlockDAG and ZKP presale fund-mixing turn out true, market fit face increased scrutiny risk, potential reputation damage, and pressure on investor confidence—things wey fit turn into bearish sentiment for affected token holders.
Bearish
Na dis wan kain allegation we dey bout investor protection and fund transparency. If traders believe say the BlockDAG and ZKP presale funds no bin ring-fence and dem redirect am go other marketing-linked activities wey no related, people fit lose confidence for token treasury safety. Normally this one dey raise short-term risk premium — headline-driven selling, new buyers dem go dey avoid am, and bid-ask spreads go wide — especially if exchanges and cross-chain moves dey involved for the alleged flow. For long term, if controversy persist e fit make scrutiny increase and confidence drop, so liquidity and demand go remain under pressure for the affected project tokens.