– There is a new conspiracy theory on Crypto Twitter suggesting that FTX founder Sam Bankman-Fried is secretly behind the controversial memecoin called BALD on Base.
– The BALD memecoin saw a significant gain of 289,000% within the first 24 hours of trading but later experienced a drastic price drop of over 85%.
– Some blockchain sleuths have linked the Ethereum wallet address responsible for deploying the BALD token to SBF, as it received funding from wallets associated with FTX and Alameda Research.
– The conspiracy theorists speculate that SBF may be trying to make up for his alleged fraudulent activities while awaiting trial under house arrest.
– However, it’s important to note that SBF is not in prison but under house arrest at his parents’ home in California.
– Some argue against the conspiracy theory, stating that SBF has limited internet access and is not allowed to use social media platforms like Twitter.
– Crypto influencer Tiffany Fong, who has spoken with SBF since his arrest, dismisses the conspiracy theory and calls Crypto Twitter “mentally ill.”
– Other traders and influencers also cast doubt on the likelihood of SBF being behind the BALD memecoin.
– It is suggested to collect this article as an NFT to preserve this moment in history and support independent journalism in the crypto space.
