30s Summary

The creators of the “Uptober” meme coin have accused crypto influencer Jaypeg of deception. They say they awarded him around $2,200 worth of tokens to promote their project but he sold them straight away and denied ever receiving them. Subsequently, a crypto investigator gathered evidence linking Jaypeg to the account that received the tokens. Despite the controversy, Jaypeg denies responsibility and alleges that he donated the funds to charity. This drama comes amid a surge in interest in meme coins, with search data revealing their growing popularity compared to established cryptocurrencies like Bitcoin.

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Big news! The crew who started the “Uptober” meme coin are saying famous crypto influencer Jaypeg scammed them. They claim they gave him some tokens to help push their project, but he sold them and then denied ever getting them.

The Uptober gang and their Telegram group said they struck a deal with Jaypeg. He was meant to hype up the Uptober meme coin in return for 2% of all their tokens, which was worth about $2,200.

Drama ensued when Jaypeg got the cash but then quickly deleted the Uptober payment info he posted in the group chat, saying the payment info was random and not his.

To sort this out, the Uptober team brought in a crypto detective, ZackXBT, who found some proof that seemed to go against Jaypeg’s story. This evidence showed that the account that got the Uptober tokens (starting with “8jpz1p”) was the same one that got airdrops from the Solana Saga phone on January 10, 2024. And guess what? Hours before this, Jaypeg posted an unboxing video of the Solana Saga phone, talking about these airdrops.

Still, Jaypeg is insisting that the payment info posted in the Telegram chat was just some random account, not his. After he said this, he wiped all the messages sharing the debatable address from the Telegram group.

The meme coin expert also claims that the Uptober folks were trying to pull a fast one on him. He allegedly responded by donating the cash in question to charity.

The world of meme coins has been taking the crypto scene by storm. These tokens can provide massive returns and are gaining more and more popularity. Meme coins are even thought to be behind the recent price increase for Solana. As many as 633,357 new tokens have been created on the Solana network since September 19, 2024.
Google Search data show people were super interested in meme coins in the week of October 12, with search volumes nearly breaking last year’s records. Meanwhile, searches for Bitcoin hit a one-year low.

Source: Cointelegraph