An unusual intersection has formed between the worlds of social media fame and cryptocurrency, spinning an intriguing narrative. Internet influencer Lil Tay, who managed to gain widespread attention through her rap prowess at only 14 years old, recently experienced a wave of false news surrounding her demise. Tightening this twist of events is the coinciding debut of an unauthorized crypto-coin on the BNB Chain, christened “LilTay.”
Adding a sprinkle of intrigue, Harry Tsang, Lil Tay’s erstwhile manager, is concurrently advancing an Ethereum-founded “Liltay Token.” The enigma intensifies when you consider that the BNB Chain derivative of LilTay bears a scarce 100 tokens supply, yet has lain dormant in tradability. It brings to mind the motivations of those previously anonymous individuals – were they cashing in on shock-value news, or intricately paying tribute to the young influencer?
Tsang’s declaration that his Ethereum token is separate from its BNB counterpart complicates the matter. Seemingly understated is whether Lil Tay, known outside Instagram’s walls as Tay Tien, has her fingers in the Ethereum Token pie. It’s worth paying attention to the fact that the project’s Twitter handle has consistently presented development updates, long prior to the fake death scandal.
The deceit was later debunked when Tay Tien, took it upon herself to heed the whispers. In a press statement to TMZ, she debunked the death rumors, declaring both her and her brother’s safety. She blamed the rumors on an unauthorized intervention of her Instagram account.
Broaching the topic of the illicit BNB Launch, Harry Tsang vehemently denied its existence. His denial is backed by evidence discovered through the Etherscan blockchain explorer and Assure DeFi’s token page. The Liltay Token’s Twitter profile has prudently alerted followers about potential swindlers aiming to manipulate the current situation.
Creation of tokens or meme coins, of course, is nothing new, and real-world events or celebrities often inspire these coins. It’s been seen before when PayPal announces the inception of its PYUSD Stablecoin, counterfeit versions quickly appear. But, as history has shown and in the case of DOGE, legitimate meme coins can present phenomenal potential.
As always, though, investors should wary of scam tokens to avoid financial pitfalls. The world of cryptocurrency is as wild a west as any, and for every potentially massive Dogecoin-like success, there are undue risks involved.
Source: Cryptonews
