PANews reported on May 8th that ZachXBT, who calls himself an "anti-fraud fighter," has repeatedly released on-chain surveys or token risk warnings, often accompanied by short-term market fluctuations. On-chain data analysis shows a high correlation between its information and market trends, sparking industry discussions about whether these warnings constitute market signals and the vested interests behind the potential traffic.

Furthermore, some analysts have pointed out that ZachXBT received some project airdrops and conducted transactions during on-chain activities. This behavior has drawn market observers' attention to the relationship between information dissemination, investor psychology, and price fluctuations, as well as the boundaries of transparency and responsibility under anonymity.

For ordinary investors, this event serves as a reminder that in an environment of information overload on the blockchain, announcements or signals from a single source should not be the basis for decision-making. Maintaining independent judgment and focusing on on-chain data and project fundamentals remain key to mitigating risk.

Industry insiders believe that such events provide important insights for the Web3 community: the complexity of the interaction between public opinion, traffic, and market behavior requires continuous attention and reflection from investors and ecosystem participants.