Original Author: @StarPlatinumSOL
Original Compilation: zhouzhou, BlockBeats
Editor's Note: This content describes how two crypto KOLs—Books and Shillin Villain—conducted a "social experiment" using token presales. The tokens they launched, such as $COPE and $POGE, had most of their supply controlled by the team, causing the token prices to quickly crash after issuance. They also introduced early access passes (0.5 SOL, 1000 supply) to provide opportunities for users wanting to participate in token launches early. The two repeatedly manipulated the market by controlling token supply, ultimately causing token prices to plummet and resulting in investor losses.
Below is the original content (slightly edited for readability):
A group of KOLs seems to be launching tokens and selling them to their fans.
No one is talking about this, but it is happening.
To understand this chaos, we need to discuss the main figures related to these token launches:
• Books, also known as @DaoKwonDo
• @ShiLLin_ViLLian
Both have a long and controversial history in the crypto space.
Shillin Villain was once the most popular Spaces host on CT.
He launched DeFi Apes with Bark,
but the project ultimately collapsed, losing 22K ETH and shutting down.
His biggest scandal was Network Token,
where he was allegedly accused of scamming his own community, resulting in millions in losses.
Books has been active in this circle since 2021.
He has been involved in several NFT projects that ended in failure.
His recent controversy was $POX,
a failed Solana project.
He hyped the project, but issues emerged after launch.
Another token possibly associated with Books is $WILDNOUT.
It was promoted by @NickCannon, who has 4 million followers.
But insiders held most of the supply.
This made it easy to manipulate, pump, dump, and disappear.
At some point this year, these two KOLs joined forces in a livestream.
Books was running a paid Alpha group, sharing investment advice for $25.
That's when they began their "social experiment" involving token presales.
• 31% allocated to the team
• 31% allocated to market making
One of their first tokens was $COPE. Most of the supply was held by the team.
For a while, they even locked some tokens, but after launch, the token price quickly crashed.
After $COPE crashed, the next token launched was $POGE. These two KOLs seemed to control 95% of the supply, giving them complete price control, with the same result.
Their other "social experiment" was an early access pass. Total supply was 1000. Minting price: 0.5 SOL. This was prepared for those wanting to participate in token launches early.
