Lark Davis Denies Pump-and-Dump Allegations Made by ZachXBT

• ZachXBT accuses Lark Davis of “pumping-and-dumping.”
• The on-chain sleuth suspects Davis profited with over $1.2 million by selling tokens from new crypto projects.
• Davis claims to be innocent; the amount of token sold is nowhere near pump and dump, claims Davis.

ZachXBT (Zach), a pseudonymous on-chain sleuth on Twitter, alleged Lark Davis, a crypto influencer of shilling “low cap projects” to his audience “just to dump them shortly after”. Nonetheless, Davis refuted Zach’s claim and pledged that he was innocent.

Zach posted a 17-part thread, highlighting eight examples of what is suspected to be Davis’ crypto wallet receiving tokens from new crypto projects, after which Davis promoted them through tweets and videos and ended up selling.

As per the thread posted by Zach on Sept. 29, Zach suspects that Davis profited with over $1.2 million through selling tokens from crypto projects which he was allegedly paid to promote. Moreover, according to the thread, the largest gain to Davis came from receiving 120,000 SHOPX tokens and selling them for $435,000.

The pseudonymous sleuth who is no stranger to investigating crypto influencers, stated that Davis managed to dump with size on low-cap projects time after time. Furthermore, while reminiscing the investigations and the fraudulent amount it has dealt with in the past, Zach stated that the alleged amount was “never at this magnitude.” referring to what Davis could have received feloniously.

However, referring to the amounts he sold, Davis stated:

[the amount was] nowhere near enough to dump the price [of the token]

Moreover, late on Sept. 29, Davis called the allegations made by Zach “ridiculous” and provided a response to each example Zach alleged he profited from.

Davis stood his ground saying that he always discloses information on his Youtube channel of 485,000 subscribers and shared with his followers “well before the launch”.

He also claimed that he was a strong follower of the investing strategy he teaches. The strategy teaches the practice of selling the tokens upon launch, which he claims is a common investing practice for token sales.

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