Logan Paul is currently dealing with the reported failure of his internet currency project CryptoZoo. Allegedly, the program is set to lose a projected $40 million of its investor’s money. YouTuber Coffeezilla made a three-part series about the project and why it failed. Even controversial internet celebrity Andrew Tate slammed him for the whole fiasco.
But CryptoZoo’s failure is not the only scandal on his resume. In 2021, Logan was also involved in another crypto project called “Dink Doink.” One may think the name sounded ridiculous, but it was exactly what the YouTuber-turned-boxer was going for. He was leaning into the absurdity of it and even went on to record an anthem for it! But unfortunately, the project did not work out.
this is the dumbest, most ridiculous shitcoin I’ve ever seen. And that’s why I’m all in 📈 https://t.co/NwD0pTO4dQ— Logan Paul (@LoganPaul) June 28, 2021
Any form of cryptocurrency has no utility if the particular coin has no monetary value. At present, Dink Doink has a value of $0.00. Not only that, the official website seems to have disappeared as well. So, there is no way of acquiring the coin. After the project turned sour, Logan Paul and the rest of his friends like Mike Majlak maintained their distance from it.
However, there are videos of both Logan and Mike promoting Dink Doink. Although they admitted that the project was outlandish, they were confident about it reaching a great amount of height. Not only did Mike deny his involvement later, but he also denied that Logan had any role in the inception of the project.
Did Logan Paul create Dink Doink?
Logan Paul caught a lot of flak after Dink Doink’s value plummeted. Although there were other people involved, Paul was the main focal point of its promotions. Paul has an incredibly dedicated fanbase. Hence, his promotions are bound to get more eyeballs than anybody else involved in the project. Hence, fair or not, Paul became the face of the project.
But, the question becomes, did The Maverick have any sort of role in the creation of the project? As previously mentioned, he recorded the theme song for Dink Doink. The animation style for the music video was a nod to the parody style of the popular animated show “South Park.” Even the website had a cartoon show of Logan Paul, which is now unavailable because of the website’s disappearance.
As per investigative work done by YouTuber Graham Stephan, Jake Broido is the alleged CEO and creator of Dink Doink. During an interview, Jake had some very interesting comments about Logan’s part in the creation of Dink Doink.
He added, “We might as well be honest about how this came about… I was chilling with Logan and we were like, what’s the most stupidest name we can think of for a coin? Dink Doink… and it just came alive… Logan designed the character on his phone, on Snapchat.” (h/t via Dexerto)
This new shitcoin that Logan Paul and his goons are promoting is owned almost completely by whales. 80% is owned by the top 100 wallets.— Coffeezilla (@coffeebreak_YT) June 28, 2021
Good job ripping off your fans fellas pic.twitter.com/Ldf1uvp3JW
Later YouTuber Coffeezilla also posted a video of Mike Majlak promoting the coin heavily. But, in an appearance on the H3 Podcast, Mike clarified that it was a video meant to be seen by a handful of people in a Telegram chat. However, it went viral online instead. Majlak also added that neither Logan nor him made any sort of profit from the project.
What are your thoughts on Logan Paul’s alleged involvement in Dink Doink’s creation? Why do you think it went out of business? Let us know in the comments down below.