Overview of Scottie Pippen’s Ethereum Project Controversy
Scottie Pippen faced criticism and skepticism for his Ethereum-based BALL project, which launched on Aug. 2. The project received immediate backlash from the community, with users cautioning investors to avoid the initiative due to concerns about shady activity.
Concerns Raised by Crypto Observers
Crypto sleuths pointed out troubling details about the BALL project, including the deployer address’s resemblance to wallets used in past scams. Additionally, Pippen’s involvement in a failed NFT project during the NFT twilight of 2022 added to the skepticism. Data showed significant token dumping by Pippen and the developer wallet, further fueling doubts about the project’s legitimacy.
Celebrity Crypto Projects on Solana
Despite the controversies surrounding projects like BALL, celebrities continue to venture into Web3. Many celebrity memecoins launched on Solana in the last month, with most projects failing to gain traction. The influx of celebrity projects has led to growing animosity and increased scrutiny from the crypto community.
