Over $12.7 Million Lost on Kabuto King Pokemon Card Crypto Scheme

0:00 Hey guys, welcome back. Remember Kabuto King? The guy that was framing himself as the collector? He's just the collector trying to collect every first edition Kabuto in the world. Surely that little tidbit about him promoting a crypto scheme wasn't important. You're just a hater. You just you're just a gatekeeper if you want to talk about that and he's going to block you now. So, we got a whole lot of him blocking people. We got some crybully action going on on the X.com with this account and all the other clone accounts that are trying to sell you a crypto Ponzi scheme disguised as them just trying to be collectors. They're just collecting what they love. How dare you? We had all sorts of media coverage about how it was so great that this guy just wanted to collect one of every kabuto. Oh my

0:47 goodness, that is just so so silly of him. What a silly little guy. And what he's charitable, too. He sold he signed one of the kabutos and it sold for $51,000 and is going to the kits at St. Jude. My there's no way this guy's doing anything wrong. There is no possible way. Well, now he's he's hitting back. He's out on there. He's on the X.com getting rowdy, blocking people, saying if your entire timeline is farming engagement by bullying me, you are getting blocked. Go find a view somewhere else. Just one example. Oh my goodness, people are getting views bullying me. Oh my god, no one likes a bully. Why would they be bullying him? Oh, now I wonder. Now we

1:34 have a little bit to do with his crypto coin and the market cap draw down from all-time high or the losses as you might call them. We had an all-time high market cap of $13.6 $6 million on the old pump. Fund that he loves to promote that he loves to soak those creator fees from with a current market cap of approximately $880,000. Wow. So where where did how much money evaporated? $12.78 million approximately. So who lost that money? And that doesn't seem very charitable. I don't know about you guys, but pumping this and people being out $ 122.78 million, that

2:21 doesn't sound like a good guy to me. All right, so this is going to represent the massive paper/realized losses for anyone who bought near the peak and still holds. The token is down roughly 93 to 94% from the all-time high. So, my apologies. You're just a hater. You just don't like charitable things. You don't like the kids. if you have a problem with losing that money, if you fell for it. Crazy. Then we had him also kind of backing up Logan Paul and Ken Golden over the illustrator that was used to scam countless users and primary investors of the company itself on Liquid Marketplace. Logan Paul co-founded liquid marketplace. Then he

3:06 turns around, gets the card back. No one else is able to use the platform most of the time that it exists in terms of withdrawing their money. Logan's able to walk in there, get his card, sell it. So, if this doesn't speak volumes to what kind of person Kabuto King is, I don't know what does. And yes, I've covered this a couple times in the past. We talked about the creator rewards and how that maybe that was the motivation. Maybe it's not about collecting when you tie a crypto scheme to it and you receive $298,000 just from the fees. just from just from the juicy little creator fees. Oh my goodness, that's a lot of money. But it's okay. He's just going to spend it on his collection. Surely none of that money went anywhere else. Surely no one took advantage and stole a bunch of money from people.

3:53 So we had him reaching out, acting charitable, saying that he's going to match a donation. He's going to provide a donation if Mr. Beast gets in on it and pumps it for him. Oh my goodness. Surely people are going to buy into this. Does it look familiar? The pump and dump graph. Does that look like a pump and dump graph? I'm not a crypto expert by any means. This video, all my videos are my opinion. Take with that what you will. The these are my observations, my opinions based on what I'm able to grab from the interwebs. All right. So retail buyers as a group lost the vast majority of the value that flowed into the token after the initial bonding curve phase on the order of 12.7 plus million in market value evaporation

4:42 plus the so from the creator extracted from selling the 90% allocation and claiming fees. Early bundle buyers and the creator were the main winners. H interesting. Late buyers and peak buyers were the main losers. Sorry guys, you just hate collectors. If you have a problem with losing that money, no independent audit or Dune style dashboard tallies, every individual loss. If anyone has a ton of expertise in the crypto world and would like to lend some assistance, please add me in my Discord general chat. Would love to hear from you. Again, this is what I'm able to extract from this. Not a crypto dog 69420. Apologies for that. But if we take a look at the Kabuto King account, again,

5:27 I'm not initially Kabuto King, someone that made it for him. We can uh go take a look at how many coins they have. 680 Kabuto coins. And it's showing a dollar there. Wait, shouldn't they have a whole bunch of coins? Didn't they get a whole bunch of coins in the beginning? What's going on here? Now, we take a little bit little look at the summary. We see the account that profited the most by a very wide margin is the original creator wallet. Yes, that 5NW one, the Kabuto King one that allegedly was not Kabuto King was somebody else. We'll take a look at that. Why this wallet dominates? It received 90% of the total supply. 900

6:14 million Kabuto tokens and you have 680 now at launch on November 28th, 2025. The remaining 10% went to a separate treasury wallet. Oh yeah, the charitable one, right? The wallet sold the vast majority of this allocation gradually over the following months. Now holds much less than 1% and does not appear in top holders. I guess you wouldn't be a top holder if you sold them all off. The token hit an all-time high market cap of 13.6 million. Current market cap is 80 822K to 849K. Down 94% approximately. At peak, the 90% bag was theoretically worth 12.24 million.

7:00 Now, we're going to have to get uh we're going to have to get some experts in here in order to tally this up exactly in terms of how much they withdrew. Even with gradual selling, not at all-time high, this generated millions of dollars in realized so for the wallet. All right. So, now we have the account behind the person who claims that they were going to move the creator fees to Kabuto King, the creator of the coin of the coin that cost people 12 million plus dollars. So, he's going to he's going to be a nice guy. He's going to transfer those fees. Surely if he had a bunch of the coin and could profit off the coin, that's not a big deal, right? We saw previously the creator rewards were up

7:46 to 298 297,000 reinos. So, Kabuto King was sitting pretty soaking those up. They were transferred to him. We're going to take a look at it for some reason. Now we see the total across all coins in terms of the creator rewards and we can only see back to February 16th, but looks like he's still still getting some money. Still coming in. Sick, right? So, we have the Hold on here. Hold on here. Might have to move this over. There we go. We can see the account. We can see the inflow. the 370 what looks like 370,000 plus that came in via those

8:32 creator rewards. It's a lot of money. And then a 375 going out transferred to that account that was supposed to go to Kabuto King. And you can see here in the inflow we got 375,000 coming in. Juicy, man. That has got to make you want to collect Kabuto cards. Am I right? How charitable is that? How collector is that? And then we go take a look at the account that was receiving those transfers. And uh you're saying, Rattle, what? Maybe maybe he just got all the coins, the Kabuto coins. And no, this is a different Kabuto coin. That's a first edition Kabuto coin. Totally different thing. $84 value on another memecoin, shitcoin, whatever you want to label it. Not the same thing. No coins. So, the

9:19 guy that's pumping the coin that he's receiving all of this money from that's a true collector and so charitable doesn't even own any of the coins. Or maybe he has them on another wallet. There's probably some other wallets of interest. And again, that's where I'm hoping somebody has the expertise to dissect it further than I can. Then we have the Kabuto treasury that has Kabuto tokens in it. But I mean the Kabuto tokens don't matter all that much after the Kabuto token tanks. So like if this is designated for charitable contributions along with the other stuff that he was asking people oh you can just send you can just send some balance to this account. I think it was this account or it might have been one of the other accounts. All right we got some more context on the

10:06 losses. The liquidity pool currently holds only 140 to 157K. The rest of the money that ever entered the token largely flowed through flowed to sellers primarily the creators bag sales and platform/creator fees 7,850 holders victims top 10% approximately top 10% control 28% of supply all fragmented retail or other wallets comments on the pump.fund fun page repeatedly call it slow rug bundled cabal pump and dump with users complaining of losses after buying the pumps. If only someone told you this was coming. Some of the extracted so

10:55 especially fees routed to the community wallet. the one the the one that was supposedly Kabuto King that's receiving the fees later went to Coinbase for a fiat currency physical first edition Pokemon card purchases the project's stated utility now whether all of that actually went to Kabuto cards or not probably does it even matter at that point if it's a small fraction of what was taken from people or lost by people. All right, so here we get into the uh Twitterx slash whatever you want to call it. Hate the hate. They just hate. How dare you criticize this guy who was

11:40 promoting something that would make people lose $12 million. How dare you? He wants to defend a multi-million dollar crypto stealing thief like Logan Paul, but he gets his little feelings hurt by criticism, says Poco Drama. The second he started defending Logan Paul was when I lost all respect for him. Anyone that defends Logan Paul is in it for the money and that's it. You're a sellout if you defend at Logan Paul. He's been uh blocking people too. Him and Ken Golden both. Weird. Weird how that is. We got Bismac who says, "Slowly but surely, the gimmick accounts expose themselves for being actual bullies. Hide behind your shitty AI profile picture and make fun of a man willing to do what you can't. Create original content.

12:25 So, we got uh they're just making fun of someone's looks here. Aren't they Aren't they supposed to be tolerant? We got some some weird like I'm the victim of bullying kind of scenarios. We got Mert with feel bad for all the first edition King collectors who aren't pushing a mean coin. Genuine collectors who are just who are not just in it for the money and clout. All three of those guys are catching a lot of strays today. Yeah, the vast majority of it is tied to they're just trying to replicate the same successful pump and dump dump. Whether it was intended to be a dump or not, it certainly dumped on people. We got reason number 38,629 from Haley to point and laugh at Kabuto Clown. And Kabuto Clown's pretty

13:12 accurate. We got uh getting called soft for blocking people. Again, you got to you got to block anyone that's criticizing you if you're a true collector and not just taking advantage of people that fall for the meme coin shitcoin. Daylights one of a kind. It's literally just a first edition kabuto the entire collection. So, he's talking about how he's going to display his kabuto collection. Literally, anyone could do the exact same thing for any card and they have. Yeah, they a lot of them have. We have Sakura's card shop with a little tinfoil hat action here and he got heavily involved so you know it's going to be juicy. Multiple people have pointed this out and it's very plausible. Y'all ever seen a picture of the guy? I've watched him since he had less than 300 followers. Loved his quest he was on and

13:58 then as soon as news outlets picked it up, crypto got involved. As soon as crypto got involved, the way he talks and everything completely changed. It is very possible that he sold off his account. Uh, no. I think maybe just his motivations changed when he was getting juicy juicy bucks from the crypto rug pull. In my opinion, he made over $300,000 back in like December. The way he talks now is a complete 180 from August. Don't believe me? Go look at all his old tweets. Then go look at the tweets from early December when crypto got involved. Free tendies. And then we got some like really funny posts here. For anyone that isn't aware, Secur Card Shop does like to troll. And in this troll post, we had we had all the uh crypto crypto pumper

14:45 collectors getting going through all his old tweets. And here he posts about, oh, we just bought a new RV in December. We're over living in a house trying to sell that now. So like Bro Bandit took this as like not a joke that he was serious about this and says couldn't afford a mortgage. So, he switched to a trailer. Card sales must be slow because the sweets are so fast. Like, he he clearly didn't sell his house. He just bought a trailer. He was he was trolling. I don't I like I know they're dumb, but like just think about it before you're angry posting. We have Sakira saying, "Oh, look, another gesture. The funniest part is all these idiots don't even understand why everyone in the community turned their backs on Kabuto. A bunch of

15:31 brain deadad dimwits who just copy paste other accounts. Now, I think they're fully aware of what's going on. I think that's the reason that they made clone accounts that wanted to do the same thing and get people to buy their crypto shitcoin so they can soak some fees, get some free cards, you know. Oh god, why does this guy even care? He runs this card shop selling to people buying cards. Cool. Cool, dude. How dare someone have a card shop and not just bank on scamming people on a crypto platform? All right, tentacle guy again. They're going to point to, "Oh, I can't believe I can't believe you use affiliate links in your bios. Damn you guys, that is

16:16 that is far worse than crypto scams." What are you kidding me? Speaking of, if you want to support the channel here, I am not going to scam you with a rugpull crypto pump and dump extreme. I'm going to thank you instead for using the link tree using the affiliate links before you shop for the things that you want anyway at no additional cost to yourself. Sick, nasty, right? And totally optional, but thank you if you do. We got PSA Pikachu securest card shop market by ye collector for tracking your collection. We got a bunch of discount codes. Save some money if you're going to shop for some Pokemon cards. No, there are no affiliate links or anything to do with uh crypto pumping ups here. Affiliate links. Click it before you're shopping for whatever you're buying. Don't care what it is.

17:02 Make sure it's something you actually want need. Thank you to Card Market for sponsoring. Buy some physical cards. They don't have to be graded. They don't have to be super special in this market condition. You're better off buying stuff that no one is focused. Do not buy first edition fossil kabutos. It's a scam. in my opinion. All right, here we go. We got Br saying, "This guy is a donut. Thinks Pokemon wants his memecoin collection of Kabuto cards." Yep, well said. We got Metapod King, who also blocked Securious Card Shop. Totally showed him. I'm done with Kabuto King. I used to like him, but now he's unbearable. Absolute fraud. Some might consider the, you know, $12 million that poofed to be

17:50 some sort of fraud. Whether or not it was entirely him, he promoted a a shitcoin that ended up with people losing millions of dollars. So, yeah, maybe is what I'd say if I were envying bitter affiliate. Oh, no. We're back to the Oh, affiliate links are worse. They're just They're just boomer rug pulls. Yeah, that's how they work. Sure. Sure. Now, when you have nothing else to grasp at, I guess that's what you got to go to. We got Kabuto King that says, "If your entire timeline is farming engagement by bullying me, you are getting blocked. Go find views somewhere else." Yeah. Okay. The videos, by the way, don't get many views. Hopefully, it reached a few

18:36 people that didn't get rugpulled if you watched my content. I'm just here to warn you that. Hey, this is probably what's going to happen. And sure enough, it did. $12 million gone. Bismax says, "I'm not a bully for pointing out that your collection doesn't belong at Pokemon headquarters. Anyone who actually follows me knows the majority of what I post or cards from my personal collection and claim sales, not even monetized." So, yeah, that's the thing, too. They're going to just reach out anything to say like, "Oh, you're worse. You're just a bully if you if you think it's bad or you just hate charity. You hate charity." I'm to the firm belief that if you want to do something charitable and it's actually for charity, you don't don't make it content. Is that weird? Is that

19:24 is that a weird thing? If you're making content out of it or you're benefiting from it or that charity is, you know, didn't cost you anything but also results in a bunch of people getting ripped off. Sakira got blocked of course. Crypto boy shill. Yeah, probably. Poker plateau on this post says, "Now, what other egotistical douchezle have I seen say this before?" Yeah. So, we got we got some copying going on. Oh, if if that can be in a museum, surely all the kabutos that were associated with the crypto scam should be. Here it is. the illustrator.

20:10 All right, one last post here before I let you go. Securest card shop. Really? This I was rooting for Kabuto King, then he just turned into a crypto shill hype boy. What he's doing isn't even special. Literally, anyone could just buy one single card over and over again. His tone and demeanor changed so much within two weeks of the cryptocoin being launched. And yeah, they all joined at the same time. They're all trying to accomplish the same thing. And that's to drive people into the the crypto schemes in my opinion. Thanks for tuning in. Hopefully this was insightful. Hopefully it was helpful. Uh shame on anyone that didn't do enough research before promoting this uh wiener baby extreme known as Kabuto Kane. See you.