SafeMoon Marketer Allegedly Pockets $12 Million From Pump and Dump Campaign

Coffeezilla stressed that Phillip’s main strategy was to present a bullish stance on social media. This supposedly triggered FOMO among investors and pumped SafeMoon’s price as liquidity flowed into the token. 

Indeed, Ben Phillips deployed this tactic repeatedly on Twitter between March 2021 and December 2021. An excerpt from Findseisen’s analysis reads:

For example, he says “F*CK LOOSE HANDED #SAFEMOON #DOGE WHALES” on the 29th of March, even as he’s about to begin a spree of selling for ~$8.8 million dollars in April. This public stance of thinking the coin was going up, as he was secretly selling, will become a pattern of behavior.

Following the alleged pump and dump campaign, Phillips made a whopping $12.14 million dollars in profits over a 10-month period. Since then, the social media influencer has abandoned the project and opened a YouTube prank channel, per reports.

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