- Panic sale leads to LLJEFFY price crashing 50%.
- $172,000 profit realized by key trader.
- No official response from Zerebro or Jeffy Yu.
In a dramatic turn, an address known as Fh3kf…7LKJT panic-sold $258,000 worth of LLJEFFY tokens within 20 minutes. This event was triggered by a fake death rumor about Zerebro’s co-founder, Jeffy Yu, causing widespread market disruption.
A fake rumor led to abrupt market reactions with a significant effect on LLJEFFY’s value and market sentiment.
A sudden fake death rumor about Jeffy Yu, co-founder of Zerebro, prompted a rapid market reaction when address Fh3kf…7LKJT sold off all their LLJEFFY holdings. The transaction resulted in a profit of approximately $172,000.
The notable wallet offloaded its LLJEFFY at $0.1305, a move caused by the rumor, resulting in a 50% token price plunge. The sudden drop triggered widespread panic selling among other LLJEFFY holders.
The collapse led to losses for other investors, including one address that reported $93,000 in detriment. Discussions revealed high volatility in surrounding meme tokens. Experts highlight the vulnerability of meme coins to rumors, contrasting similar historical occurrences.
Community and platform discussions indicated heightened chatter; however, no official statements were issued by Jeffy Yu or Zerebro. A deleted Github record from the Zerebro DEV adds to the uncertainty, but no regulatory comments were released. Such events raise concerns over market manipulation through unfounded rumors within meme coin spaces.
A sudden fake death rumor caused $LLJEFFY to plunge by 50% within minutes. On-chain data shows that address Fh3kf…7LKJT panic sold $258,000 worth of tokens in the past 20 minutes, making this trader a leading force behind the sharp sell-off… – Ai 姨, On-chain Analyst, Twitter [1]
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