Rapper Soulja Boy Reveals His Crypto Bags

Rapper Soulja Boy Reveals His Crypto Bags

And they are heavy… CT doesn’t know if to be sympathetic or call him out.

Rapper and entrepreneur Soulja Boy took the road the Crypto Twitter (CT) advised him against.

On Friday, he announced his crypto picks that involve BNB, DGB, TRX, KLV, ZPAE, and FDO.

While Binance’s BNB is the only coin among the top 10 cryptos, Tron (TRX) and DigiByte (DGB) are other known projects with a market cap of $2 billion and $350 million, respectively.

However, the other three unknown projects record volume ranging from just $45k to $200k, which makes it easy to pump and dump the coins’ prices. When it comes to market cap, Klever only has an $18 mln while ZelaaPayAE a mere $148k, but Coinmarketcap doesn’t have any for Firados.

The market consensus for his crypto buys were various versions of bad decisions, absolute dog s–t, and of course, Have Fun Staying Poor (HFSP).

This has the market speculating that this could be paid promotions and tried to warn him by providing a historical context of Boxer Floyd Mayweather Jr. and entertainment mogul DJ Khaled who was sued for promoting the illegal cryptocurrency scam Centra Tech ICO without disclosing their endorsement deal.

Soulja Boy was also looking to buy XRP. Still, he couldn’t, as the majority of the cryptocurrency trading platforms have suspended support for the digital asset after the SEC sued Ripple and its two top executives for allegedly selling unregistered securities.

If you are wondering if he even considered Bitcoin, Soulja Boy said he “did” buy the leading digital asset as he has known about Bitcoin and even wrote a song about it a few years back but said, “It’s these new coins that are kinda interesting to me right now.”

Earlier this week, he shared his interest in creating his own cryptocurrency and the non-fungible tokens (NFTs).

Published at Sat, 23 Jan 2021 16:09:16 +0000

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