{"id":6116,"date":"2025-07-29T09:27:00","date_gmt":"2025-07-29T09:27:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/influencer-beef-marketing-how-adin-ross-and-faze-pumped-then-dumped-mlg\/"},"modified":"2025-07-29T09:27:10","modified_gmt":"2025-07-29T09:27:10","slug":"influencer-beef-marketing-how-adin-ross-and-faze-pumped-then-dumped-mlg","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/influencer-beef-marketing-how-adin-ross-and-faze-pumped-then-dumped-mlg\/","title":{"rendered":"Influencer beef marketing? How Adin Ross and FaZe pumped, then dumped, MLG"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">MLG crypto saw a dramatic price spike but quickly gave up most of its gains after allegations of an influencer-led pump-and-dump scheme surfaced. Should you invest in MLG?<\/p>\n<div id=\"cn-block-summary-block_6c0ac94d99e097182274d86bff91accc\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>MLG crypto jumped over 180% on July 29 before falling back to $0.013.<\/li>\n<li>Much of the hype was driven by controversy around an alleged pump-and-dump scheme involving MLG.<\/li>\n<li>The Solana-based meme token trades primarily on decentralized exchanges like Raydium and LBank.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, the token surged more than 180% to reach an intraday high of $0.023 on Tuesday, July 29. However, the rally was short-lived. The price soon pulled back and stabilized around $0.0122 at the time of writing.<\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" class=\"wp-image-14400806\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">Source: crypto.news<\/figcaption><\/figure>\n<p>Despite the recent spike, MLG remains nearly 92% below its all-time high of $0.162, recorded earlier in January 2025.<\/p>\n<h2 class=\"wp-block-heading\">What is MLG?<\/h2>\n<p>MLG is the ticker symbol for 360noscope420blazeit, a Solana-based meme token launched in April 2024. The name \u201cMLG\u201d is a nod to Major League Gaming and draws inspiration from the early 2010s Call of Duty and competitive gaming culture, often referred to by fans as the \u201cgolden era\u201d that the MLG crypto pays homage to.<\/p>\n<p>However, it\u2019s important to note that MLG crypto has no official connection to Major League Gaming or its parent company, Activision. While the token uses similar visuals and themes, these are part of its nostalgic meme appeal, not an authorized brand partnership.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Why did MLG rally?<\/h2>\n<p>The latest rally appears to have been driven by a surge in social media hype and trading activity, particularly after it was <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/AkademiksTV\/status\/1949930853028524085\" target=\"_blank\">allegedly promoted<\/a> by high-profile influencers, including FaZe Banks, co-founder of the esports organization FaZe Clan.<\/p>\n<p>Trading volumes spiked across platforms like Raydium and LBank, with the MLG\/SOL pair becoming one of the most active on Solana-based decentralized exchanges.<\/p>\n<p>The controversy intensified after Banks and streamer Adin Ross were accused of manipulating the token\u2019s price for profit. Both denied any wrongdoing, though Banks announced he was stepping down as CEO of FaZe Clan, citing emotional burnout and damage to his reputation.\u00a0<\/p>\n<p>In a screenshot that has been making rounds on X, Banks was seen accusing Ross:<\/p>\n<figure class=\"wp-block-image size-large is-resized\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14400746\" style=\"width:467px;height:auto\"><source type=\"image\/webp\" ><\/source><br \/>\n<img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"1024\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/07\/Influencer-beef-marketing-How-Adin-Ross-and-FaZe-pumped-then.jpeg\" alt=\"Influencer beef marketing? How Adin Ross and FaZe pumped, then dumped, MLG - 2\">\n<\/picture><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/Chrisbr0wning\/status\/1949900547089469883\" target=\"_blank\">Chris on X.<\/a><\/figcaption><\/figure>\n<p>The backlash contributed to the token\u2019s sharp retracement shortly after peaking.<\/p>\n<p>This isn\u2019t FaZe\u2019s first brush with crypto controversy. In 2021, several FaZe Clan members were involved in promoting the \u201cSave the Kids\u201d token, which quickly collapsed after launch.<\/p>\n<p>FaZe Kay was removed from the organization, while others were suspended, following allegations of insider trading and deceptive marketing. That history has added further skepticism around MLG\u2019s recent pump.<\/p>\n<h2 class=\"wp-block-heading\">Should you invest in MLG?<\/h2>\n<p>At present, MLG remains a highly speculative asset. Its value is not backed by any formal utility, revenue, or product roadmap, but instead depends on community momentum, nostalgia, and influencer-driven hype. While it may offer opportunities for short-term gains, its long-term investment prospects are highly uncertain.<\/p>\n<p>A major concern for prospective investors is the nature of its trading environment. MLG is primarily traded on decentralized and lightly regulated exchanges such as Raydium, LBank, XT.COM, and Meteora.<\/p>\n<p>These platforms tend to have tighter liquidity controls and fewer restrictions, which makes it easier for whales or coordinated groups to manipulate price action without oversight. This increases the token\u2019s volatility and makes it vulnerable to pump-and-dump cycles, particularly during hype-driven rallies.<\/p>\n<p>For traders with a high risk tolerance, MLG may offer exposure to fast-moving price swings and the cultural novelty of meme coin trading. But for cautious or long-term investors, the lack of transparency, high volatility, and history of influencer-linked manipulation should be viewed as serious red flags.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MLG crypto saw a dramatic price spike but quickly gave up most of its gains after allegations of an influencer-led pump-and-dump scheme surfaced. Should you invest in MLG? Summary MLG&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6116"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6116\/revisions"}],"predecessor-version":[{"id":6118,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6116\/revisions\/6118"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/6117"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}