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Jeremy Allaire and a 93% crashing PURCH token price chart sparking crypto controversy.

Shocking Fallout: USDC CEO’s PURCH Token Endorsement Precedes 93% Market Collapse

February 5, 2026 j n

New York, May 2025: A significant controversy has erupted in the cryptocurrency sector following revelations that Jeremy Allaire, the co-founder and CEO of Circle, the company behind the USDC stablecoin, publicly promoted the PURCH token. This endorsement, highlighted by prominent on-chain investigator ZachXBT, preceded a staggering 93% collapse in the token’s market value, raising serious […]