The Turbulent Saga of Smoking Chicken Fish: A Meme Coin’s Descent into Chaos
From Meme to Religion: The Rise of SCF
Originally just another meme coin, SCF gained unique traction by morphing into a religious sect dedicated to the worship of “Lord Fishnu.” Under the guidance of Pastor Kelby, the community adopted its own set of beliefs and even registered as a nonprofit organization. Kelby, known for his charismatic daily sermons derived from popular self-help books, became the face of SCF, promising a new kind of spiritual community intertwined with the digital age.
Allegations of Financial Misconduct
However, the narrative took a dark turn as allegations surfaced against Kelby. Accusations of him pocketing church donations and engaging in unauthorized promotional activities began to undermine his credibility. According to reports from core team members, Kelby allegedly took payments for promoting derivative projects like BigTittyChicken (BTC), a meme coin he introduced as SCF’s “little sister,” without the team’s consent.
Community Backlash and Kelby’s Response
The backlash from the community was swift, with a Discord server set up by concerned members to investigate Kelby’s actions further, uncovering what appeared to be a pattern of deceptive behavior. In a defiant response, Kelby ranted on Twitter about his foundational role in the church, expressing outrage at the community’s decision to distance themselves from him.
His reaction eventually culminated in a bizarre twist where he held the official SCF Twitter account for a $100,000 ransom. The community refused to pay, thus leading to ongoing efforts to regain control of the account. Kelby’s subsequent actions included launching a new token, which he described as “the new testament,” only to burn all the tokens shortly after in a fit of pique.
This incident led to his Twitter account disappearing for a period, only to return with a changed bio distancing him from the Church of the Smoking Chicken Fish. He quickly resumed promoting other low-cap tokens, further distancing himself from his previous persona.
The Path Forward for SCF
In the aftermath of Kelby’s departure, the Smoking Chicken Fish Coin (SCF Coin) community is striving to rebuild and move forward. The focus has shifted towards decentralisation to prevent similar issues in the future. Benji.wif, a pseudonymous community team lead, along with Max Newton, co-founder of WallStreetBets and an SCF community member, have taken up the mantle to guide the project.
Despite the turmoil, the community remains committed to the ideals of the SCF project, ultimately aiming to ensure that the vision of a decentralized, community-driven platform is not overshadowed by the actions of one individual. The saga of the Smoking Chicken Fish serves as a cautionary tale in the crypto world, emphasizing the importance of transparency and community governance in decentralized projects, as well as illustrating the challenges such platforms face. The project’s resilience, in turn, highlights the enduring power of collective effort in the face of adversity.
For more insights into the challenges and opportunities in the decentralized finance space, explore our comprehensive coverage on DeFi and HR and the broader implications for Web3 recruitment.
