The Uptober team has accused popular crypto influencer Jaypeg of orchestrating a promotional scam involving their memecoin. Reports suggest he received tokens worth approximately $2200, sold them, and now denies receiving the funds.

Details of accusations against Jaypeg

Members of the Uptober community claim an agreement was reached with Jaypeg to promote the memecoin in exchange for 2% of Uptober's total tokens. Upon receiving the tokens, Jaypeg deleted the information about the receiving addresses from the Telegram group, asserting they were random.

Onchain detective's role in uncovering the case

The Uptober team reached out to onchain detective ZackXBT, who found contradictions in Jaypeg's statements. The address that received the tokens was allegedly linked to airdrops from Solana Saga corresponding with a video Jaypeg posted.

Popularity of memecoins and their market impact

Memecoins are at the forefront of attention due to their significant performance in the current market cycle. Analysts note that the memecoin market may peak by the end of 2025, with increased investor interest reflected in rising Google search queries.

The accusations against Jaypeg have sparked lively discussions in the crypto community, highlighting issues of transparency and trust in project promotion.