Taylor Mathis, a popular sports betting influencer, has recently come under fire for allegedly committing a crypto rug pull. Known for her “Walking Bets” social media posts where she provides betting picks for upcoming sports fixtures, Mathis has built a strong following. However, accusations have surfaced regarding her involvement in manipulating crypto markets by promoting a new token named after her and selling it before its price plummeted.
Fans of Mathis created the $TAYLOR token using her likeness and approached her for support. She agreed to promote the token in exchange for 20 million tokens, equivalent to 2% of its total supply. Initially, the price of $TAYLOR soared after Mathis introduced it to her hundreds of thousands of social media followers, reaching a market cap of $6 million. However, the price soon began to decline, dropping below $1.5 million in the following days.
Reports suggest that Mathis, based in Scottsdale, sold her entire holdings in the $TAYLOR token for 95 SOL ($16,350), causing another significant price drop and reducing the market cap to below $150,000. Despite claiming that crypto was not for her and that she would donate any profits to charity, Mathis later purchased another 34 million tokens for $9,000, raising suspicions of market manipulation through a potential “rug pull” scheme.
As questions arose about Mathis’ actions, her X profile was locked, and her bio no longer mentioned her role as a DraftKings Ambassador, indicating a possible disassociation from the sportsbook operator. If the allegations of market manipulation are substantiated, Mathis could potentially face an investigation by the Securities and Exchange Commission (SEC).
In conclusion, Taylor Mathis’ foray into the crypto space has been marred by controversy and accusations of unethical behavior. Despite her initial success in promoting the $TAYLOR token, the subsequent events have raised concerns about market manipulation and the potential consequences for Mathis. As the situation unfolds, it remains to be seen how this controversy will impact her reputation and future endeavors in the crypto and sports betting industries.