Two years ago this guy raised over $6.9M USD in under 72 hours, but then he disappeared
Who is eth_ben and how did he take over the crypto space?
A thread🧵
1/10
In early 2023, Ben.eth was a nobody just a small-time NFT influencer with 15K followers.
His first NFT purchase? A $200 artwork by Ola Volo.
2/10
When $PEPE exploded in April 2023, Ben.eth rebranded overnight: ALL-CAPS tweets, degenerate memes, and relentless shilling.
Out of nowhere the whole persona that Ben has built up until now has changed.
3/10
Then, Ben launched $BEN on May 5, 2023. Presale: 55 ETH (329 wallets participated)
And, as you would expect it flopped… until influencer Bitboy @BenArmstrongsX endorsed it. Price pumped 300%.
4/10
Not long after Ben sells his project to Bitboy, and hours later announced his new one...
5/10
Ben announced $PSYOP. His pitch? “Send ETH to my wallet. No contract, no roadmap, just trust me.
As you would expect, people actually did trust him, and in less than 72 hours, the presale wallet received over $6.9M USD
6/10
So what happened afterwards with $PSYOP?
Well... the charts tell you everything, started off nicely but died pretty fast later on.
7/10
$PSYOP later inspired a wave of grifts:
“YouGetNothing.eth” raised 411 ETH ($780K) for literally nothing.
Pauly0x netted $1.2M by asking followers to “send ETH here.”
Crypto became a parody of itself.
8/10
Before Ben disappeared he launched 2 more tokens ($LOYAL, $DAVE) and an NFT collection (ORANGE), but the magic faded:
$LOYAL’s “rug-proof DEX” never materialized.
Legal threats mounted.
By mid-2024, Ben’s wallet held $20.8M ETH… but his influence vanished.
The wallet currently holds $5,957,525 USD with recent transactions that estimate 167ETH which is equivalent of $405,679 USD
9/10
Final Words:
Ben.eth wasn’t a genius, he was a mirror. His rise/fall reminds us:
- Memecoins = gambling.
- If an “influencer” says “trust me,” RUN.
- Crypto’s future needs accountability.
P.S. He didn’t disappear. He’s just waiting for the right moment, but this time crypto is more than prepared.
10/10
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