PANews reported on November 5 that crypto detective ZachXBT responded to the speculative craze caused by its ERC-20z token. Previously, user notzachxbt posted that ZachXBT deployed the ERC-20z token on the Base network on August 19, 2024, and due to the demand for the Zora protocol in the secondary market, the price soared to $1,100, an increase of more than 3,000 times from the initial price. The token has been cross-chained to Solana by ZachXBT's fans and a community has been formed.
ZachXBT responded that the Zora interface did not prompt the creators to issue ERC-20 tokens after the NFT was minted. He emphasized that he did not want people to speculate on his research work, and he might dilute the token by minting more tokens indefinitely or replace existing works with blank images in the future to prevent speculation. He said that his original intention was just to keep a free digital collection forever.
