What did ChooseRich say about rugging tokens?

In his own public posts on June 30, 2026, the crypto content creator ChooseRich said he dumps, or in his words rugs, any unofficial token created in his name, after a copycat sent him 60 percent of its supply. He says he recognizes only one official token, $RICH (contract 5hiLgyybrAYPpUwNFa38agfZ8iEtnahWKAPixcfspump), and kills the rest so they do not confuse buyers. The colorful quotes were reported by DegenerateNews.

What is a copycat influencer token?

It is an unofficial token that an anonymous developer deploys using a well-known person's name and ticker, often airdropping part of the supply to that person hoping for an endorsement. Buyers can confuse it with an official token. As the ChooseRich case shows, the influencer may simply dump the supply they were sent, leaving copycat holders as exit liquidity. Always verify the exact contract.

How do I avoid buying a copycat token?

Confirm the exact contract address only from a source the project or person controls, never from a reply, screenshot, or trending list. Treat tokens whose value depends entirely on one person's attention as fragile. Run a safety and holder check first. DEXTools tools like the Token Safety Checker and guides on verifying the real contract behind a ticker are built for exactly this.

Can a token with a clean contract still be dangerous?

Yes. A clean, renounced, non-honeypot contract means the code is unlikely to trap your funds, but it says nothing about who holds the supply or what they intend. If one wallet holds a large share, here an influencer dumping a copycat, the price can be nuked instantly. Concentration and intent are risks that an audit does not capture. This is not financial advice.

Crypto Influencer ChooseRich Says He 'Rugs' Copycat Tokens Made in His Name, After Being Sent 60% of One's Supply

June 30, 2026 — By Tony Rabbit in News

Crypto content creator ChooseRich said openly, in his own posts on June 30, 2026, that he dumps, or in his words rugs, any unofficial token created in his name after one copycat sent him 60 percent of its supply. It is the clearest example yet of the copycat trap inside the influencer-token meta, and of why buyers get caught.

The wave of memecoins built on the names of crypto influencers has a dark twin: copycats. For every token an influencer actually stands behind, anonymous developers spin up unofficial versions of the same name, often airdropping a chunk of the supply to the influencer in the hope of an endorsement. On June 30, 2026, the crypto content creator known as ChooseRich made unusually plain what can happen next. In his own posts, he said he simply dumps any unofficial token made in his name, calling it a rug, after one such copycat sent him 60 percent of its supply. We verified the claim against his public posts and pulled the on-chain data. Here is what is going on, and why it matters for anyone buying these tokens.

What ChooseRich actually said (verified from his own posts)

He says there is only one token he recognizes, his official $RICH (contract 5hiLgyybrAYPpUwNFa38agfZ8iEtnahWKAPixcfspump), and that any other token created in his name will be dumped.
In his own words on June 30: "I will literally rug any token anybody creates for me other than the original," adding "I just rugged another token."
The trigger, as reported by DegenerateNews, was a copycat token whose creator sent him 60 percent of the supply; he says he nuked the chart and sold it.
His stated logic: a flood of unofficial tokens in his name confuses buyers, so he kills them to leave only the official one standing.

60%

of a copycat's supply he was sent before dumping it

"Rugged"

his own word for nuking copycats made in his name

official token he recognizes; the rest get dumped

6,679

wallets hold the official $RICH token, per DEXTools

The copycat trap, in plain terms

Strip away the personalities and the mechanic is simple, and it is the same one we keep flagging. A name starts trending. Anonymous developers race to deploy tokens using that exact name and ticker. Some send a slice of the supply to the influencer, betting that a like, a reply, or silence will be read as a blessing. Buyers, seeing the name and the influencer interaction, pile into whichever version is pumping, often without checking which contract they are actually buying. When the influencer instead dumps the supply they were sent, as ChooseRich says he does, the people holding that copycat are the ones who get nuked.

This is the shadow side of the meta we covered with the $ANSEM tokens, where a cluster of competing Solana memecoins traded on one influencer's name. ChooseRich is openly tied to that wave too: he publicly commented on the Ansem surge and even claimed he had called the top on the main Ansem token. The difference is that he is saying the quiet part out loud. See our on-chain breakdown of the $ANSEM token that hit a 99 million dollar market cap and our report on how that cluster of copycats formed.

What the on-chain data shows

ChooseRich's one official token, $RICH, is itself a small community memecoin, not a giant. According to DEXTools data on June 30, 2026, it carried a market cap around 270,000 dollars across 6,679 holders, with a near fully diluted supply and a standard, renounced contract. In other words, the value here was never in the token. It is in the name, the attention, and the steady churn of copycats orbiting it. That is exactly why the copycats keep appearing, and exactly why they are dangerous: they borrow real attention and attach it to a contract that the influencer may dump on sight.

Metric	Official $RICH token (DEXTools, June 30, 2026)
Token	I choose rich everytime ($RICH), Solana
Official contract	5hiLgyybrAYPpUwNFa38agfZ8iEtnahWKAPixcfspump
Market cap	~$270,000
Holders	6,679
Contract checks	Open source, renounced, not mintable, not a honeypot
Unofficial copycats	Dumped by ChooseRich, in his own words

Why this is dangerous for buyers

The uncomfortable takeaway is that with a copycat token you can be exit liquidity for the person whose name is on it. You do not need a malicious smart contract for that to happen. The contract can pass every automated safety check and still be nuked the moment a large holder, here the influencer himself, decides to sell. A clean audit tells you the code will not trap your funds; it tells you nothing about who holds the supply or what they plan to do with it. Concentration and intent are the risks that audits do not capture, and copycat influencer tokens stack both.

How to avoid the copycat trap

The defense is the same boring discipline that protects you everywhere in this market. Confirm the exact contract address from a source the project or person actually controls, never from a reply, a screenshot, or a trending list. Treat any token whose value rests entirely on one person's attention as something that can vanish the instant that attention turns, or turns against you. And run anything you are considering through a safety and holder check before you size a position. Our guide on verifying the real contract behind a ticker covers the copycat problem directly, our Token Safety Checker automates the on-chain checks, our KOL due-diligence guide covers influencer promotions, and our rug-pull checklist ties it together.

Methodology and disclaimer: statements attributed to ChooseRich are from his own public posts on June 30, 2026 and from reporting by DegenerateNews; the colorful quotes were reported by DegenerateNews and we could not independently verify the exact wording beyond his own confirmation that he dumps copycat tokens. On-chain figures for the $RICH token are a live snapshot from the DEXTools API on June 30, 2026 and change continuously. This article reports public statements and on-chain data, is not an endorsement of $RICH or any token, and is not financial advice. Memecoins, and copycat tokens especially, are extremely high risk and you can lose your entire position.