Is Top Meme KOL Ansem Really Selling Small-Cap Tokens to His Followers?

Author:dethective

Compiled by: BlockBeats

On October 5, Andrew Kang, co-founder and partner of crypto venture capital firm Mechanism Capital, posted on social media, "It looks like @MustStopMurad's speech at Token2049 has catalyzed the next wave of capital reallocation into Meme coins." The comment section of this tweet sparked a lot of discussion, and on-chain detective ZachXBT and trading KOL Ansem also sparked a debate because of this remark.

The focus of the debate is on their views on their respective roles and behaviors. ZachXBT accused Ansem of frequently promoting small-cap currencies through his huge fan base, causing many people to lose money due to blindly following the trend, and even called it "cutting leeks". Ansem countered that he was only choosing the best transactions in the market, and said that as a trader, he could not ensure that every transaction would be successful, but he helped more people than he hurt.

Related reading:Top KOL Ansem's latest interview: This is the best cycle since I entered the circle | In-depth interview》

ZachXBT claims to be a leader in crypto by solving hacking problems, helping to arrest criminals, and recovering victims’ funds.CommunityHe made substantial contributions and helped people avoid the "traps" of KOLs like Ansem. Ansem believes that ZachXBT's accusations of his behavior are exaggerated and that the claim of promoting hundreds of coins is not true. "We can talk about meme coins all day, but you also know that the number of people I have helped on this platform far exceeds the number of people I have hurt, so let's stop here."

The debate ended with Ansem’s statement that “If I could hit 100% accurately, I would have been the god of the earth long ago. It is meaningless to criticize me for some of the falling coins I mentioned, especially when the entire altcoin market is falling.”

The following content comes from crypto KOL@dethectiveThe analysis of Ansem’s tweets and the price trend of the meme coins he called can prove whether Ansem really dumped meme coins to his fans. BlockBeats has also previously analyzed and summarized Ansem’s transaction addresses.

Related reading:From a top meme KOL to a speechless person, why is Ansem no longer effective?》

Many people witnessed @zachxbtand @blknoiz06This raises a key question: Is Ansem really selling small caps to his followers?TokenI analyzed over 40,000 tweets to uncover the truth.

Ansem's average return

If you in eachToken首次被提及时买入，那么你的平均回报率大约是 150%。表现最好的代币有：

$WIF: +5,300%

$BONK: +1,243%

$MOTHER: +867%

Sounds amazing, right? Not really.

When we look at the median return, it drops to -55%.

The reason for this discrepancy is that 33 of the 45 tokens had negative returns, with more than half of the tokens falling by 50% or more.Xiaobai Navigation

Each token that Ansem actually supports shows a positive return of 100%, an analysis that is consistent with @MustStopMurad’s popular opinion: When Ansem has confidence in a project and supports it for a long time, it tends to have a net positive impact on the industry. The correlation between the number of tweets and project performance is also very clear.

This is more than just boasting: this is about belief. On the other hand, all the tokens that Ansem only mentioned 1-2 times showed negative returns of 100%. Typical pump and dump behavior.

Methodology

More than 40,000 tweets were captured.

Write code to identify token promotion by detecting the relevant characters after the symbol '$'.

Record the date each token was first mentioned.

Capture its price action.

My personal opinion

I originally conducted this analysis in order to support Zach in the debate. However, I strive to remain objective and therefore hope to be able to fairly evaluate Ansem's views.

The key question is: “Is it unethical to promote a project with a low market cap to a large following?”

My conclusion is: the key is not the market cap, but the long-term commitment. It is unethical to abandon a project after just one tweet. But if you really support it for the long term, it is understandable.

The article comes from the Internet:Is Top Meme KOL Ansem Really Selling Small-Cap Tokens to His Followers?

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