Feb 18, 2021

Celebrities Shilling Crypto, Part 1251

Ever wondered why Lindsey Lohan discovered a passion for decentralized, permissionless blockchain? Small hint: the reason might start with "m" and end with "y".

Quite a few people were surprised when Miss Lohan recently tweeted praise for the cryptocurrency Tron. A few C-list celebrities followed suit, with the Tron price rising accordingly.

While this was already suspicious, the beans were spilled by tech blogger Marques Brownlee, who showed an email he received from a "Tron partner" offering to compensate him for a tweet supporting Tron. In addition the tweet should have looked like spontaneous praise, not a paid endorsement.

This would have been highly illegal and Justin Sun, the founder of Tron denied having offered any such paid tweet deal. Who are we to believe here?

On one hand crypto is buzzing and there is presumably no paper trail linking the "partner" offering money for tweets and Justin San or Tron.

On the other hand there are a few things we need to consider:

  • Lindsey Lohan's twitter is literally 50% endorsements, 50% instagram pics
  • After every celebrity tweet Justin San asked for their Tron address saying he will send them something
  • The celebrities did not engage in any other discussions on crypto or respond to users' comments

Regardless which side you believe, there seem to be quite a few people who believe Marques, as shown by Tron underperforming the last few days. You can read more on the topic in the excellent Decrypt article.

As always, such situations are a reminder that when investing into smaller cryptocurrencies, volatility can come from very unexpected angles. For people starting their crypto adventure we recommend using our comparison service to choose less volatile options.