ZachXBT sells copycat meme coins and donates $41K to charity
Blockchain investigator ZachXBT said several meme coins used his likeness across multiple chains during the past week.
- ZachXBT said copycat meme coins used his likeness without his support or promotion.
- He sold tokens sent to his donation wallet and sent about $41,000 to charities.
- The case shows how meme coin creators use trusted crypto figures to attract attention.
He said he did not promote, support, or launch any of the tokens. The investigator posted the update on his Telegram channel after traders created ZACHXBT-themed tokens tied to his public name.
“I have always stated I will never support or launch a meme coin,” he wrote.
ZachXBT said all tokens sent to his donation wallet were sold on the market. He then sent the full amount, worth about $41,000, to charity through The Giving Block.
The funds went to Direct Relief and GiveDirectly to support the Venezuela earthquake response. He shared transaction receipts for donations made in USDT and SOL between June 28 and July 6.
Donations sent to Direct Relief and GiveDirectly
ZachXBT said he sent 25,000 USDT to GiveDirectly on July 6 at 4:16 a.m. UTC. He also sent 5,000 USDT to Direct Relief later the same morning at 4:51 a.m. UTC.
A third donation included 153 SOL, worth about $11,000, sent to Direct Relief on June 28. Together, the receipts bring the total donation amount to about $41,000.
The move follows earlier debate around ZachXBT-linked tokens. As crypto.news reported in 2025, a ZACH token launched on Flaunch.gg claimed to direct most trading fees to the investigator.
That report also noted that another Solana-based ZACHXBT meme coin had caused controversy after developers sent ZachXBT part of the token supply. He denied creating or promoting that token.
Meme coin creators use public names
The latest case shows how meme coin creators often use public names, online narratives, and familiar branding to draw traders. These tokens can launch quickly across several chains with little notice.
ZachXBT’s public role in tracking scams makes the use of his likeness more sensitive. Traders may wrongly assume that a token tied to his name has his approval, even when he says it does not.
Crypto.news has covered ZachXBT’s work across several investigations. In March, he said a crypto scam network used war fear on X to drive users toward fake giveaways and pump-and-dump tokens.
Moreover, Hyperliquid donated 10,000 HYPE to ZachXBT earlier this year after his work on a major crypto theft case. The donation was separate from the latest meme coin sales.
Crypto donations remain part of wider trend
The charity transfer also fits a wider pattern of crypto-based giving. The Giving Block data showed more than $1 billion in crypto donations went to charities in 2024.
In ZachXBT’s case, the donations came from assets he said he did not ask to receive. His action turned unwanted token allocations into relief funding while keeping distance from the meme coins.
The event also gives traders a clear warning. A token that uses a public figure’s name does not mean that person supports it. Users still need to check official posts, contract details, liquidity, and token ownership before trading.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Wall Street giants collectively raise rate hike forecasts, US Treasury futures continue to fall, gold drops over 1% to break 4000
After the US October CPI exceeded expectations, Goldman Sachs and Nomura added a forecast for an interest rate hike in March next year, while Deutsche Bank included a forecast for a rate hike in January next year. Currently, the market has fully priced in a 25 basis point rate hike in December, with a 13% probability for a 50 basis point hike. On Wednesday, the US Treasury spot market was closed, but Treasury futures continued to fall, with corresponding yields rising by about 2 to 4 basis points, and spot gold came under pressure, dropping by 1.1%.
No Need to Worry About the Cooling Down of AI Data Center Construction? The US Import Boom Is Unlikely to Subside in the Short Term, Real Impact May Come in 2029
It takes an average of 4.8 years from finalizing investment to starting construction of a data center project, and an additional 2.6 years from construction start to becoming operational. Servers usually cannot be installed until after the building structure and racks are completed. For trade partners such as Taiwan (China), South Korea, and Mexico who rely on US data center supply chain demand, the inertia in construction timelines provides at least a one- to two-year buffer for future exports.
Federal Reserve Major Debate: When Should the Tenure of “Number Three” Williams End?
The main point of contention is whether Williams should step down in June 2028, upon completing a full 10-year term, or in June 2027, when he reaches the mandatory retirement age of 65. Analysts point out that the Federal Reserve Board holds ultimate discretion; if he leaves early, Fed Chair Waller would be able to assert greater control over the appointment to this critical position. However, forcing Williams to shorten his term could easily be interpreted as political manipulation. Williams himself is expected to serve until June 2028.
Crypto prices
More
