ZachXBT accuses Circle founder of promoting suspicious tokens, PURCH market cap drops over 90% from its peak

Foresight News reported that on-chain detective ZachXBT sarcastically tweeted about Circle co-founder Jeremy Allaire providing "exit liquidity" for a certain project, and attached an image showing that the project Purch mentioned by Allaire had posted its contract address on its X homepage. According to GMGN market data, PURCH currently has a market capitalization of $1.5 million, down 92.3% from its peak of $19.57 million.