Overview
- The token surged roughly 27,000% to about $0.175 before plunging around 99% to near zero.
- Trading volume reached approximately $1.2 billion before the collapse, according to CoinDesk.
- Changpeng Zhao publicly distanced himself from the project, posting on X: “Don’t buy the meme.”
- Roughly 1,177 on-chain addresses remain holders following the crash, reflecting widespread retail losses.
- Observers raised unproven claims that the contract functioned as a “honeypot,” and Decrypt reported confusion from unaffiliated lookalike tokens.