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Memecoin Madness: Eddie Seal Team Insults Investors and Returns Money from Presale

Alverta O'Conner by Alverta O'Conner
May 17, 2024
in Press Release
0
Memecoin Madness: Eddie Seal Team Insults Investors and Returns Money from Presale

Two weeks ago, the Eddie Seal memecoin project ($EDSE) began raising funds for development through a presale event. On Wednesday, a controversial post appeared on the project’s Twitter, where the team labeled the presale investors as ‘morons’.

“You morons. You invest in a presale of a new memecoin and then cry when someone runs off with the money. Get a grip and be careful because 99% of presales are scams. We have returned all the payments to the wallets from which they were sent. Eddie will proceed without a presale!” reads the tweet from Eddie Seal profile.

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This incident is quite unusual, given market norms. Memecoins are not financial instruments, hence funds raised through presales are not regulated in any way. It is unprecedented for a project team to refund all investments made by individuals.

The refund might have been an attempt by the Eddie Seal team to build credibility within the crypto community, especially as Eddie Seal has announced six marketing rounds aimed at reaching a $1 billion marketcap. The campaign will culminate in an Eddie Seal cartoon, in the style of Rick and Morty or Family Guy. The six marketing rounds include sponsoring a Formula 1 team, a Harry Styles (or another top tier star) concert at Wembley with tickets for $1EDSE, a ‘spending money competition’ with 10,000 credit cards linked to one account, and a $3 million donation to MrBeast for spending in one of his videos.

It was also announced that the team plans to distribute part of the $EDSE tokens to the community gathered around the project in the form of an AirDrop. Sign-ups are expected to start soon.

The price of the $EDSE token in the coming days will reveal how the market has reacted. The token contract address for price tracking is available at eddieseal.org or listed here: 2Zvo6bnwJtyXhsPgbcfajTrEtB7NwrJhK8mMmtEXvHHc

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Alverta O'Conner

Alverta O'Conner

I’m a highly experienced and well-respected author in the cryptocurrency field. I have written numerous articles and books on the subject, and my work is highly sought after by both industry insiders and regular investors alike. Cryptocurrency is a relatively new and complicated field, but I can make the complex concepts easy to understand for even the novice investors. My writings would be beneficial for anyone looking to get serious about making money in this exciting new market. In addition to my writing, I’m also an active investor myself, and have made a significant profit from investing in cryptocurrencies. I frequently speak at investment conferences and seminars to share my knowledge on the market with fellow investors.

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