“Masked Singer” host Nick Cannon said he would soon launch a second cryptocurrency token, even if he distanced himself from the failed memo coins he promoted.
The 44-year-old actor, singer and 12-year-old father wash his hands WildNout Memecoin – Named after the MTV rap battle show “Wild n'Out.” This was pregnant from 2005 to 2020 and hosted in 2020.
WildNout coin It reached a market capitalization of $10 million nine hours after its release on March 5th. But by the next morning, its value had plummeted to $3 million, the chart shows. By March 8, it had dropped to $1 million, resulting in millions of losses for the roughly 16,538 investors who purchased it. It was worth about $67,000 this week.
Cannon announced on March 26th that it aimed to give him another shot in the “Enterprise Token” soon.
“I don't want anyone to run the game, and I don't want to scam anyone,” Cannon claimed to more than 11,000 people who registered. His March 26th Live X Forum About the impending crypto project.
“There are rules to this, so we're trying to follow the rules. I'm one of the people playing with the rules and ultimately we're not running the game on people. That's not our purpose.
Cannon declared on the live forum that “I was not the founder of that last coin,” adding that he has no plans to sell Memocoin's shares.
“It wasn't technically mine, so everything we all knew kept doing that, so I was just hoping to move forward and be very formal and do it the right way no matter what we did,” Cannon said. “I have never abandoned y'all.
“Anyone who sets it up and puts it together what happened in the last one, wants to do anything in the right way in the future,” he continued. “I'm trapped, and I wish that last coin, my plan could do that in the way that it would run in the future, but this is the way we have to lock here.
“Every step we take from here is thinking about people.”
An enterprise token is a digital asset that is typically managed by a business and represents a unit of value or ownership.
“Overall goals,” Cannon said of the upcoming Enterprise Coin:
He added: “I've learned a lot in places where I get the opportunity to help people and use my name in a good way. I want to dot everything and make sure that T is crossing to protect you and protect yourself.
He claimed that someone “abuses” his celebrity by “attaching.”[ing]” His name to the last coin, he claimed he didn't make any money on the token.
Cannon has been promoted wildnout Through his X profile, he hosts a live video forum on tokens – based on the cryptocurrency platform Solana.
And the day it was released, He wrote: “We're wild in the trench! The official wild n outmeme coin is live! He has assured X fans that he will “never” sell his memokine and “draw” the project.
Critics targeted the cannon shortly after the token was tanked.
“Your name is mud.” One victim is allegedly writing about x. “You didn't try enough to save your coin. People trusted you. That trust is broken.”
“Damn it. Yes, he certainly mastered emotional manipulation. A truly psychological feat.” Another person wrote it
Others say to himIt's horrible“and”Glyphter. ”
David Kennedy of Watchdog, a longtime crypto trader in Sanford, Florida, said losing money on Memecoin is essentially a meme in itself.
“These things happen very often, so many of them are so many, everything is diluted,” Kennedy explained. “There are no regulations.”
Kennedy said the Securities and Exchange Commission determined that memokine was not a securities. February 27th. “It's the Wild West out there and that's the problem,” he said. “So these people don't really have any reliance on them. [who lost money on WILDNOUT]Other than to be upset or sue. ”
A SEC spokesman declined to comment on Memecoin.
Cannon did not reply to requests for comment.
