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Scottie Pippen recommits to $BALL project amid backlash
Daily Cryptex - Crypto News, Articles and Insights > Crypto News > Altcoins > Solana (SOL) > Scottie Pippen Doubles Down on $BALL Project Amid Criticism
AltcoinsCrypto NewsSolana (SOL)

Scottie Pippen Doubles Down on $BALL Project Amid Criticism

Burhaan Al Amin
Last updated: August 2, 2024 5:12 pm
Burhaan Al Amin Published August 2, 2024
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After crypto observers and experts pointed out shady activity with the token, NBA Hall of Famer Scottie Pippen doubled down on his Ethereum project to try to boost confidence.

Pippen’s contentious Ethereum-based BALL project launched on Aug. 2, facing immediate backlash from the community. Users quickly added community notes to Pippen’s announcement post on X, warning investors to steer clear of the so-called real-world asset initiative.

Crypto sleuth ZachXBT highlighted that the BALL deployer address mirrored a wallet used for at least two past scams, commonly known in web3 as rug pulls. ZachXBT also noted that Pippen launched a non-fungible token during the NFT twilight in 2022, which failed and is widely regarded as another rug pull.

Deployer address for BALL seems tied to the abandoned project @LilHippoNFT and whoever @ItsMrMoe is pic.twitter.com/bq8Jwh7ivK

— ZachXBT (@zachxbt) August 1, 2024

Another crypto observer provided data showing Pippen and the developer wallet dumping $330,000 worth of BALL tokens in a single transaction. In response, the six-time NBA champion claimed 103 Ether (ETH) in liquidity was withdrawn to “mitigate attacks” amid heavy scrutiny from the crypto community.

Nah what the fuck

bro dumped $330K straight from the dev wallet in 1 TX

Didn’t even bother hiding the rug lmao https://t.co/nEbFg7B3Vw pic.twitter.com/bEuCZimlw1

— Wazz (@WazzCrypto) August 1, 2024

Pippen’s post failed to quell doubts, as social media users replied with data showing that BALL insiders controlled over 15% of BALL’s supply.

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