The controversy surrounding KOLs in the crypto world has sparked reflection within the industry

Recently, two well-known opinion leaders in the crypto world ( KOL ) have fallen into a controversy, sparking widespread discussion within the industry about the roles and influence of KOLs. These two KOLs are the well-known figure in the meme coin sector, Lexapro, and the veteran KOL, GCR.

Lexapro has been accused of having connections with the "water pipe gang" and is suspected of manipulating the meme coin market. Evidence shows that Lexapro and other KOLs engaged in low-priced purchases and high-priced sales during the early issuance of the $DEAL token. More seriously, Lexapro was revealed to have communicated with a trading platform regarding a manipulation plan for the $RICH token, but it ultimately fell through due to disagreements. This incident has severely undermined the confidence of meme coin investors.

At the same time, GCR has been accused of profiting from insider information obtained through illegal means. Some claim that GCR hacked into the servers of a certain research institution to obtain report content in advance and used this information for trading. There are also allegations that GCR could access coin listing news from a certain trading platform. However, these accusations currently lack solid evidence to support them.

These controversial events have sparked deep reflection within the crypto world regarding the role of KOLs. Many investors have begun to question the true motives and ethics of KOLs. Some argue that investors should not blindly follow KOL's advice, but rather cultivate their own independent thinking and analytical skills.

Although KOLs may provide valuable insights and information for investors, over-reliance on their opinions can pose risks. True investment success still requires the investor's own judgment and effort. These controversial events may prompt the cryptocurrency industry to establish stricter KOL codes of conduct to maintain fairness and transparency in the market.