Is Jupiter crazy? Launched another new scam project ASIANMOM in cooperation with Singaporean scammer Irene Zhao?

Jupiter, a decentralized exchange aggregator on Solana, has recently caused controversy by partnering with Singaporean beauty scammer Irene Zhao.
On July 22, Jupiter’s anonymous founder @weremeow announced the partnership, which aims to improve the “meme coin” and provide emotional support to traders.

The initiative aims to address issues of falsehood, widespread distribution and influencer dishonesty in the memecoin publishing environment.

Jupiter’s partnership with Irene Zhao sparks backlash from crypto community

As soon as the news of the cooperation between Jupiter and Irene Zhao was announced, it quickly caused a violent response in the encryption community. All kinds of abuses against Irene Zhao were overwhelming, so much so that Jupiter could not escape being implicated.
The purpose of Jupiter's cooperation with Irene Zhao this time is to further promote itself. It attempts to use Irene Zhao's public opinion flow and its long-term accumulated reputation to carry out cooperation plans. However, the result will inevitably be a cocoon.

Blockchain detective ZackXBT issued a risk warning on this cooperation

Jupiter will cooperate with Irene Zhao to launch the meme currency metadata platform ASIANMOM. The tweet has been added with background information by readers, revealing the investigation of on-chain detective ZachXBT: "Irene Zhao has participated in multiple project scams, please be cautious when dealing with act.”
Blockchain sleuth ZackXBT highlights Irene Zhao’s alleged involvement in the questionable practices of her So-Col project, accusing her of conducting secret transactions and misleading investors.

Irene Zhao’s scam history

Irene Zhao cooperates with KoomiNetwork to defraud

Irene Zhao will appear on X as @KonomiNetwork CMO in 2021 with the popularity accumulated on ins. Previously, she was a well-known female internet celebrity on ins.
Irene Zhao was first responsible for the launch of the token $KONO in March 2021. Previously $KONO was listed on okx, and in January this year okx announced its delisting. It was eventually discovered that Kono had neither implemented decentralized governance nor Implement the so-called cross-chain bridge solution.
The only problem solved is Irene Zhao’s wealth problem.

The NFT launched by Irene Zhao made investors scam again

Irene Zhao rose to fame in early 2022 by selling her photos as NFTs, amassing over $5 million in a matter of months.
Her NFT collection, IreneDAO, initially spiked to a low of 1.49 ETH, but has since plummeted to 0.05 ETH, down 87% from its peak.

Irene Zhao was exposed to participate in So-Col’s opaque allocation

In February 2023, Irene Zhao’s startup So-Col received $1.5 million from DWF Labs in exchange for SIMP tokens, which were reportedly locked until February 2024.
However, blockchain data shows that DWF transferred 3 million SIMP in March, which contradicts the locking agreement and raises further doubts about Irene Zhao’s integrity.
Blockchain detective ZackXBT exposed some screenshots of the conversation to further confirm the suspicion.

The meme coin IDK based on Solana is also created by Irene Zhao

Around March 25 this year, when IDK reached its peak, Irene Zhao frequently posted related buying tweets throughout the day to encourage followers to take over IDK at a high price. However, these tweets once again increased the price of IDK. It was deleted after being cut in half, and it is currently difficult to find evidence.

Conclusion

Irene Zhao calls herself the so-called Asian mother and continues to scam her followers through new projects. Her public image is undoubtedly smearing Asian women.
However, Irene Zhao can still gain so many staunch followers with this kind of practice. Is it because she uses her better appearance to avoid vulgarity, or is it because she, who calls herself an Asian mother, has completely brainwashed her "babies"?
This article is for reference only. Readers are advised to be cautious about Jupiter and Irene Zhao’s upcoming ASIANMOM.