Original author: @StarPlatinumSOL
Original translator: zhouzhou, ChainThink

Editor's note: This content discusses two KOLs in the crypto field - Books and Shillin Villain - who conducted a "social experiment" through token pre-sales. The tokens they launched, such as $COPE and $POGE, had most of their supply controlled by the team, leading to a rapid crash in token prices after launch. They also launched early access passes (0.5 SOL, 1000 supply), providing opportunities for users who wanted to participate in the token launch early. The two repeatedly manipulated the market by controlling token supply, ultimately causing a sharp drop in token prices and resulting in investor losses.

The following is the original content (the original content has been edited for easier reading and understanding):

A group of KOLs seems to be launching tokens and selling them to their followers.

No one is talking about it, but this is what is happening.

To understand this chaos, we need to talk about the main people involved in these token launches:

• Books, also known as @DaoKwonDo

• @ShiLLin_ViLLian

Both have long and controversial histories in the crypto field.

Shillin Villain was once the most popular Spaces host on CT.

He launched DeFi Apes with Bark,

but the project eventually collapsed, losing 22K ETH and shutting down.

His biggest scandal was the Network Token,

allegedly defrauding his community in a failed launch, causing millions in losses.

Books has been active in this space since 2021.

He has been involved in some NFT projects that ended in failure.

His recent controversy was $POX,

a failed Solana project.

He promoted the project, but issues emerged after the launch.

Another token possibly related to Books is $WILDNOUT.

It was promoted by @NickCannon, a big account with 4 million followers.

However, insiders held most of the supply.

This made it easy to manipulate, dump, and disappear.

At some point this year, these two KOLs collaborated in a live stream.

Books runs a paid Alpha group, sharing investment advice for $25.

At that time, they started a "social experiment" involving token pre-sales.

• 31% allocated to the team

• 31% allocated to market makers

One of the first tokens they launched was $COPE. Most of the supply was held by the team.

For a while, they even locked some tokens, but after the launch, the token price crashed quickly.

After $COPE crashed, the next token they launched was $POGE. These two KOLs seemed to control 95% of the supply, allowing them full control over the price, and the result was the same.

Another "social experiment" they conducted was an early access pass. Total supply was 1000. Minting price: 0.5 SOL. This was intended for those who wanted to participate in the token launch early.

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