The crypto KOL said his objections to the recent creator token trend partly reflected an assumption that celebrity-backed projects would not sell into buyers for millions of dollars.
Crypto KOL Ansem said backlash over the recent creator token trend was driven in part by his own mistaken belief that celebrity issuers would share his moral standards and avoid dumping tokens on buyers for millions of dollars. He added that this is the first project where he is leading the effort and controls most of the token supply. To explain the model, he pointed to Dogecoin and BONK as examples of tokens that attracted users and liquidity into crypto and helped revive broader ecosystems.