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Home»ALTCOIN NEWS»Why Scottie Pippen’s Ethereum Venture Has Fans Furious
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Why Scottie Pippen’s Ethereum Venture Has Fans Furious

By Crypto FlexsAugust 3, 20243 Mins Read
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Why Scottie Pippen’s Ethereum Venture Has Fans Furious
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  • Scottie Pippen’s ETH game 5 BALL has launched with several issues.
  • A renowned on-chain detective reveals his connection to a controversial NFT project.
  • The X community asked Pippen questions about illegal token economics.

NBA legend Scottie Pippen is under significant scrutiny after launching his own cryptocurrency on Ethereum (ETH): BALL, a token inspired by the Chicago Bulls’ iconic NBA Finals series and the Los Angeles Lakers’ Game 5 ball.

The Backstory of Scottie Pippen’s Tokenized Ball

Scottie Pippen’s perfect performance in Game 5, which earned him his first championship ring, was 32 points, outsourcing Michael Jordan’s 30-point contribution in the championship game. While Michael Jordan won the MVP trophy, the inseparable duo of Jordan and Pippen is considered one of the greatest performances in American sports history.

The Chicago Bulls won six championships in the ’90s, and the Game 5 ball has surprisingly returned as a digital artifact. “33 years later, I am making history again by tokenizing this historic ball on the blockchain. So, you can officially be a part of this legendary moment, so let’s make history together.”– Scottie Pippen explained in an interview.

Soon after, crypto enthusiasts on X began raising suspicions that one of the greatest small forwards of all time had acted desperately and sent half of the supply to a newly created wallet.

Detective Spots Red Flag on Bulls’ BALL Token

ZachXBT, an on-chain detective known for debunking crypto rugpools and other scams, has found several red flags in Scottie Pippen’s new crypto project. According to ZachXBT, the smart contract deployer’s address is linked to the Lil’ Hippo NFT project, which was solidified and abandoned years ago.

Furthermore, the blockchain detective hinted that Mr. Moe is behind this project. Mr. Moe, a Web3 enthusiast and cyberpunk, has been pointed out by several crypto enthusiasts on X, some of whom have accused him of sabotaging the Lil’ Hippo NFT project. “Hey, how’s the hippopotamus cubs? They lost over a thousand bucks with your fucking rugpul in their bag, you fucking scammer.”– One of the victims pours out.

Additionally, ZachXBT went back to 2022 when Scottie Pippen released his first NFT collection, a digital shoe collection by the Chicago Bulls legend. Scottie Pippen SP33. It seemed like a huge hit in the Web3 world, selling out in 2 minutes, but later turned into another abandoned NFT project that lost more than 90% of its value.

Scottie Pippen’s NFT project, which fell from an all-time high of 0.34 ETH in December 2022 to 0.007 ETH in May 2024, does not stand out from the general NFT market sentiment. However, many crypto enthusiasts on X see Scottie Pippen’s token launch as nothing more than a late entry into the celebrity meme coin boom.

On the other side

  • BALL tokens do not represent physical ownership of the game’s 5 balls, according to the crypto project’s managers. Claim It is a real asset backed cryptocurrency (RWA).

Why this matters

While celebrities jumping into cryptocurrencies has the potential to drive adoption and provide an opportunity for supporters to engage with the Web3 space, they also have a responsibility to not mislead their fans.

Check out the latest cryptocurrency news from DailyCoin:

Why Cardano Won’t Pump in 2024 and How to Fix It: Max Maher
MicroStrategy’s BTC Stash Reaches 226,500, But Buying Isn’t Over Yet

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