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The Zerebro co-founder's fake death incident caused a significant fluctuation in the LLJEFFY token.
Gate.io News bot message, The Block reported that memecoin project Zerebro co-founder Jeffy Yu has been confirmed to be alive. Previously, Yu announced his death by releasing a "suicide" video, which caused the market capitalization of the LLJEFFY Token issued on the Solana blockchain to temporarily exceed 100 million USD.
On-chain data shows that after Yu announced his death, there was activity in associated wallets. Subsequently, the price of the LLJEFFY Token dropped by more than 98%. Reports indicate that Yu's obituary, video, and messages were all prepared in advance. Regarding questions related to the Token and video, Yu declined to comment, merely stating "I have been cyberbullied."
Source: The Block