Truth Behind Khamzat Chimaev’s ‘SMASH’ Meme Coin and Alleged Insider Trading Controversy

Undefeated UFC fighter Khamzat Chimaev is on the verge of recovery after suffering from an illness. He was all set to take on Robert Whittaker at the UFC Fight Night event in Saudi Arabia. However, ‘Borz’ had to pull out of the fight at the last moment. Fans prayed and hoped the middleweight powerhouse would return to full fitness immediately.

However, it seems Chimaev has been in trouble lately and is now in the line of fire. The Chechen fighter is being exposed for what looks like a classic crypto pump-and-dump scheme, and the fans are not pleased with the UFC contender. So what is the truth behind the allegations?

Khamzat Chimaev’s latest stunt has not gone well with the fans

Khamzat Chimaev has not fought in the past nine months, much to the disappointment of his supporters. However, it appears he has developed an interest in cryptocurrency and is now promoting his own meme coin. A few days ago, the undefeated fighter asked his fans which cryptocurrency he should invest in. The 30-year-old employed the same strategy many celebrities use when launching their own tokens. The next day, he urged his fans to buy the Khamzat-themed meme coin ‘SMASH,’ named after his famous mantra of smashing every opponent he faces.

Unfortunately for early users of ‘SMASH’ the value fell down to zero on Friday. MMAPACK took their Instagram account to share the details of the whole fiasco. The caption read, “UFC middleweight Khamzat Chimaev is getting exposed for pump and dumping a crypto coin yesterday and taking over $1 million.” GeckoTerminal shows that the token is down by 96% in the last 24 hours, which has taken the buyers by shock. The video also shows that Chimaev has taken down all videos that he used for promoting the crypto.

Crypto veterans were quick to point out that this was a classic case of crypto pump-and-dump. The latest incident has not gone well with the fans. However, most of them are still concerned about his health. Health expert Sven Koch analyzed the reason behind his recurring health concerns.

Health expert feels overtraining is the reason for Khamzat Chimaev’s downfall

Khamzat Chimaev has had a history of various illnesses during his career. It began in 2020 when he initially suffered from COVID-19. The Chechen fighter announced his retirement from the sport but later decided to return. However, his 2024 season has not begun the way he expected. In his first fight of the year, he had to pull out once again because of an illness. But why does the 30-year-old get ill this often? Health expert Sven Koch feels it has something to do with overtraining. Chimaev is known for his intense training sessions but it seems his body is not ready for it.

Koch said, “The line between overreaching and over-training is blurry. Overreaching is an accumulation load that leads to a drop in performance. It requires a few days to weeks to recover from. Chronic overreaching without adequate rest can eventually lead to the so-called Over-training Syndrome.” He further added, “Over-training is particularly common among high-performance athletes who train for 4-6 hours a day, 6 days a week, for multiple months without sufficient rest.” Chimaev has fought in back-to-back fights which has had a detrimental effect on his health.

Currently, the undefeated middleweight is working towards making a full recovery. However, it will be interesting to see when he makes a comeback to the octagon. What do you think about ‘Borz’ and his health-related issues? Can he get back to action this time around? Let us know in the comments below.