Logan Paul Accused Of Scamming Fans After Promoting 'Dink Doink,' An Altcoin He Allegedly Helped Create

July 13th, 2021 - 3:07 PM EDT by Phillip Hamilton

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Logan paul left, dink doink cryptocurrency mascot right.

Influencer and boxer Logan Paul is under fire for promoting a cryptocurrency called "Dink Doink," a coin that he recently described as a shitcoin on an episode of the Impaulsive podcast. Now, it's come forward that Paul allegedly had a hand in creating the coin.


Dink Doink is described on its website as the "first-ever decentralized media franchise, where token holders receive an NFT for every episode that drops." Beyond just being a cryptocurrency, Dink Doink is also a cartoon series that takes heavy inspiration in both comedy and style from South Park. The series stars a cartoon spring named Dink who gets into various situations riddled with crude jokes and innuendo. The second short episode even features the voice of Logan Paul as himself.


Paul's promotion of the coin has mostly consisted of him tweeting about how "ridiculous" yet self-aware Dink Doink is in its place as a "shitcoin," this being the reason that he's "all-in." Paul's circle of friends and collaborators have also been promoting the coin, including Impaulsive co-host Mike Majlak.


Over the past few days, a number of YouTubers have posted videos investigating Dink Doink due to the recent influx of crypto pump-and-dump scams. Most notably, Coffeezilla and iDubbbz posted videos criticizing the coin as a scam, with Coffeezilla offering evidence that Paul had a hand in creating the coin, as revealed in an episode of the Steven Steele Live podcast with the coin's founder. In the podcast, the founder even claims Paul drew the spring character and helped come up with the name.


Dink Doink has been on a steady decline since its launch, with 80 percent of the coins being owned by the top 100 wallets, as shown in Coffeezilla's video, pointing to a pump-n-dump scheme. Dink Doink has continued to advertise the coin on their Twitter account, which has been accused of using sockpuppet accounts to show false support for it on social media via memes and posts featuring the spring character.




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