Serum Promoting Shitcoins in Their Renamed Twitter Page, Says ZachXBT

Cryptocurrency sleuth ZachXBT has exposed yet another project called the Serum. He took to his Twitter account to address how the account with 200k+ followers is now shilling shitcoins.

So the old Project Serum Twitter account with 200k+ followers recently deleted all tweets, changed pfp to a Milady, and began shilling shitcoins? pic.twitter.com/788T0ilB6t

— ZachXBT (@zachxbt) April 20, 2023

ZachXBT shared an old screenshot of the Serum account, which has over 215k followers. According to the crypto sleuth, the account has deleted all the tweets and changed the profile picture to that of a Milday. The username has also been changed to Luka, and the account now has 207k followers.

One of the funniest things that ZachXBT shared was that the account has already blocked him so that he doesn’t notice the scammy activities. ZachXBT identified that the account has started to shill shitcoins. Another Twitter user, “DB,” also pointed out that they have opened a new Twitter account. The new Serum account has also made a prediction for its token, stating that it will hit $1,000.

The Serum project has been associated with FTX. Serum is a decentralized exchange protocol based on the Solana blockchain. It has received support from FTX since its inception, and SRM tokens were given to traders on a weekly basis through an airdrop system on the now-defunct exchange.

On Nov. 14, the Solana Foundation announced that it held 134.54 million SRM on FTX, which raised questions about the future of the project. Serum is trading at $0.1873 at press time, with a 3.3% drop in value over the last 24 hours. The coin is 98% down from its all-time high.

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