Allegations of Cryptocurrency Scheming Against DraftKings Representative Taylor Mathis
In a surprising turn of events, a newly created crypto token named after Taylor Mathis, a popular sports analyst known for her "Walking Bets" social media posts, has been making waves in the crypto market.
The $TAYLOR token, a digital asset created by fans using Mathis' likeness, began taking off in price after she introduced it to her hundreds of thousands of social media followers. Taylor Mathis agreed to promote the token, receiving 20 million tokens, equivalent to 2% of its total supply.
However, the price of the $TAYLOR token has seen a significant drop since its peak. On Saturday, the token reached a market cap of $6m, but it started plummeting shortly after. The price dropped below $1.5m in the subsequent days, and following Taylor Mathis' sale and subsequent purchase, the market cap spiraled below $150,000.
The recent activities of Taylor Mathis have raised accusations of market manipulation. On Monday, November 8, Mathis conducted a rug pull involving 34 million $TAYLOR tokens, a type of crypto scam where the project creators withdraw liquidity or funds, causing token value to collapse.
These accusations have not been confirmed, but if they prove true, Mathis could face an SEC investigation. It's important to note that Mathis initially stated she would donate any money gained from the $TAYLOR token to charity, but later purchased more tokens.
In a surprising twist, Mathis posted on her X profile that crypto wasn't for her, creating uncertainty about her future involvement with the $TAYLOR token. Subsequently, her X profile is now locked.
Despite the controversies, Mathis remains a DraftKings ambassador, a position she held before the $TAYLOR token's creation. However, her X profile no longer mentions this role.
Recent screenshots of private conversations between Mathis and a popular authority in the crypto space have been shared, revealing behind-the-scenes details about the $TAYLOR token's development and promotion.
As the investigation into the $TAYLOR token continues, the crypto market awaits the outcome with bated breath. The fate of the $TAYLOR token, and Taylor Mathis' role in its creation and promotion, remains uncertain.
