Crypto influencer Nick O’Neill says he sent him ‘robust’ unsolicited token

Some community members hoped the token could reflect ANSEM’s success, despite the influencer’s lack of official support.

Crypto influencer Nick O’Neill said he deliberately sold a community-created token after its developers sent him 60% of its supply.

The incident sparked criticism from some traders, while others say the entrepreneur had no obligation to support an unofficial token created without his approval.

O’Neill defends unsolicited token sales

It all started when the Fibonacci account on

In the clip, he also pointed out that Ansem controlled 60-65% of the token supply and fees through a public wallet valued at the time at around $50 million.

“Will it reach similar heights? I don’t know. It’s hard for them to sustain… If you take a look at the Ansem charts, it’s looking pretty bad. And I think the reality is there aren’t enough buyers in the market,” O’Neill remarked of Ansem’s performance.

But even after expressing these doubts, a now-deleted post suggested that O’Neill also could have benefited if he had controlled 65% of a token’s supply, and, responding to the idea before the post disappeared, the podcaster replied: “I mean, that would have been amazing.” »

However, he said otherwise shortly after, telling his nearly 286,000 followers on X that he had no plans to support tokens launched in his name outside of the original RICH coin.

“I will literally take back any token that someone creates for me other than the original $RICH. I just made another token,” the influencer wrote.

When the criticism began, O’Neill clarified that someone had independently created and distributed the token in question, named I Choose Rich Everytime (NICK), before sending him a large allocation.

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Reserve, the account behind the coin, accused the influencer of selling the NICK tokens shortly after receiving them, which he did not deny, instead arguing that there was no reason for him to support another community-created asset when an existing cryptocurrency already bore his brand.

“If I wanted to do that, I wouldn’t ask someone to do it randomly,” he replied.

The comparison to ANSEM hangs over the debates

Some of O’Neill’s supporters nevertheless urged him to adopt the token, suggesting it could rival ANSEM’s success. But others defended his decision, with one, ExcaliberArt, likening the situation to receiving free shares in a company, which O’Neill was free to sell since he never promised to promote or endorse the token.

As CryptoPotato reported yesterday, the deployer behind The Black Bull sent 650 million tokens, worth around $71 million at the time, straight to Ansem’s wallet for free, while leaving with just $5,500 for himself. According to on-chain analysts, the distribution suggested a pre-arranged promotional scheme, although some watchdogs, such as Rugcheck, warned that the token’s concentrated ownership increased the risk of market manipulation.