Taylor Mathis is back in the news. In August, Audacy host Lucy Burge went after Mathis in his DraftKings-sponsored “Walking Bet” video, which Burge called a “straight robbery from me” based on his past actions. is. Currently, Mathis is accused of manipulating the virtual currency $TAYLOR, which was created around her. Amid the backlash, she locked her X account and removed any mention of DraftKings from her profile there.
What the hell happened here? Andrew O’Malley provides a useful overview at VegasSlotsOnline. Essentially, Mathis’ fans created a $TAYLOR token based on her likeness, and she agreed to promote it in exchange for 20 million tokens, representing 2 percent of the total supply. She started promoting the product last week on her ).
On Sunday, Mattis responded to accusations of “pump-and-dumping” the currency (a form of securities fraud in which he sells his own stock after promoting it across the board). I know what it is, but I literally can’t do that.” happen”:
However, as this tracking chart from Coinstats shows, the coin’s value has fallen rapidly since Saturday, with its current market cap reaching just over $200,000.
During that time, Mattis sold his shares for 95 SOL (another cryptocurrency, 95 tokens are currently worth just over $16,000). She then sent a message to $TAYLOR saying she no longer wanted to be associated with him. She posted on X that cryptocurrencies were not for her and that she would donate the money to charity. But then her account bought $34 million worth of $TAYLOR tokens at a new low of $9,000 (giving her about 1.5x her original stake and a profit of $7,000) and she returned to the coin. I advertised it. That led more people to question whether she was illegally manipulating the market, tagging DraftKings, and she locked down her account and removed any mention of DraftKings from it.
It’s unclear how this will affect Mattis. Awful Annunciation reached out to DraftKings for comment, but did not receive a response by the time of publication. We will update this post if there are any changes.
But for now, her X account remains private, which will no doubt affect her ability to create regular betting content. This is in some ways even stupider than the “walking bet” controversy, but there are far more government regulations when it comes to market behavior and insider information than the production of similar betting videos. So this could be a big problem for Mathis.
[VegasSlotsOnline]
