Memecoin Madness: Eddie Seal’s team insults investors and returns money from pre-sale.

Two weeks ago, the Eddie Seal memecoin project ($EDSE) began raising development funds through a pre-sale event. On Wednesday, a controversial post was published on the project’s Twitter account, in which the team labeled pre-sale investors as ‘idiots’.

“You fools. If you invest in a pre-sale of a new memecoin and someone runs away with your money, you’ll cry. 99% of pre-sales are scams so be careful and cautious. We returned all payments to the wallet from which they were paid. “Eddie will proceed without reservations!” reads a tweet from Eddie Seal’s profile..

This incident is quite unusual by market standards. Memecoin is not a financial instrument, so the funds raised through the pre-sale are not regulated in any way. It is unusual for the project team to refund the entire amount invested by an individual.

The refund may have been an attempt by Eddie Seal’s team to build credibility within the cryptocurrency community. Especially since Eddie Seal announced six marketing rounds aimed at reaching a $1 billion market cap. The campaign concludes with an Eddie Seal cartoon in the style of Rick and Morty or Family Guy. The six marketing rounds include sponsorship of a Formula 1 team, sponsorship of a Harry Styles (or other top-tier star) concert at Wembley with $1EDSE tickets, a ‘spend contest’ linking 10,000 credit cards to one account and $3 million. Donations included. To MrBeast for spending money on one of his videos.

The team also announced plans to distribute a portion of $EDSE tokens to the community gathered around the project in the form of AirDrop. Registration is expected to begin soon.

Going forward, the price of the $EDSE token will show how the market reacted. The token contract address for price tracking is eddieseal.org or listed here: 2Zvo6bnwJtyXhsPgbcfajTrEtB7NwrJhK8mMmtEXvHHc

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