Professional Boxer Tyson Fury Faces Criticism For Promoting Floki Inu

Professional Boxer Tyson Fury and two-time world heavyweight champion came under fire recently for promoting Floki Inu, another meme coin that became popular overnight. The developers of Floki Inu hired the boxer to promote the meme coin on his profile with more than 2 million followers as we are reading more in today’s crypto latest news.

The developers of the self-named DOGE killer hired the Professional Boxer Tyson Fury to promote the meme coin on his Twitter profile. In a short promotional video, the champion was seen wearing a branded FLOKI hoodie while reading off a script and urging his followers to join the craze. Fury mentioned that the meme coin is now establishing massive partnerships and ended the video with a mocking scream of “Valhalla.
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Valhalla is the Floki Inu flagship utility product that features a play-to-earn NFT gaming metaverse that is currently under development. Fury’s attempt to promote Floki Inu didn’t go well with the crypto lovers and while he did get applause from the Floki Vikings, a huge part of the responses were lashing out at the boxer. Users pointed out his lack of genuine interest in the project which was evident in his struggle to even same the name right. Some referred to his performance as embarrassing with one user suggesting that Fury should fire his agent.

The CEO of UK-based crypto exchange CoinCorner Danny Scott also trashed Fury for pushing his fans into losing money. This is not the first time that a celebrity came under fire for promoting crypto coins to an online audience. Back in 2018, the boxer Floyd Mayweather got into trouble with US SEC for promoting a fake ICo. He paid over $300,000 in fines while signing an agreement not to promote securities for three years. Also, Spanish regulators warned the soccer player Andres Iniesta that it is not a good idea to promote crypto investments after praising Binance.

The meme coin made waves in the past few months because of its aggressive marketing strategy. The group of anonymous Floki Inu promoters ran an ad via the UK Transport for London which leveraged the city’s Underground stations and busses to promote the coin. Three weeks later, the British government banned the ads and banned other crypto promo campaigns because they are unethical.