2026-01-16 11:23:46

Recently, something quite bizarre happened in the crypto world — a community member's wallet suddenly had 464 mainstream public chain tokens, worth about $430,000, and this guy immediately destroyed all of them without hesitation. This move directly caused the meme coin associated with it to crash, with a decline of over 90%, prompting many to comment, and even industry insiders came out to mediate. The incident itself revealed some interesting game theory within the community.

First, let's talk about the source of this money. Siyuan is a seasoned participant in the top public chain ecosystem, deeply involved for many years, and has a fairly high profile in the community. Interestingly, this guy had experienced financial difficulties in the past, and later founded charitable projects like Happy-Sci, which use crypto assets to fund struggling PhD students and researchers, with even co-founders of the platform participating in donations and support. Originally, this was a very positive thing.

But in the crypto world — it’s still crypto — someone sniffed out a narrative opportunity. Meme coin gameplay, to put it simply, is about storytelling, and charity themes naturally carry hot topics. As a result, no one consulted Siyuan, and the community took the liberty of issuing a meme coin with the same name on the same blockchain, mimicking Safemoon’s tactics back in the day, setting a 3% buy tax and a 3% sell tax. The entire design was aimed at turning the popularity of this charity project into liquidity and profit for the coin. This kind of operation, issuing tokens in someone’s name without prior notice, indeed reveals a boldness in community management. When all of this was eventually exposed, conflict became inevitable.

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ChainPoet

· 5h ago

Damn, 430,000 destroyed directly? This guy is really ruthless. This move is truly brilliant—using someone else's name to harvest profits and still thinking nothing will happen? The crypto world loves playing with fire here. If you push people to the limit, they'll do anything. Basically, it's using charity as a pretext to harvest, no wonder they got smashed. This kind of unauthorized coin issuance is way too bold—going ahead without the person's consent? Telling stories to harvest, but the main character of the story smashed the table—laughing to death. Charity projects being demonized into meme coins—really quite ironic. Daring to destroy 430,000, this guy isn't in it for the money. The rules of the crypto world are no rules—what are they even thinking?

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MoonRocketTeam

· 5h ago

430,000 directly burned, this booster ignition is a bit fierce, meme coins are directly falling into the atmosphere Issuing coins without approval, this operation is indeed a bit bold, the crypto circle is just such an ecosystem Public welfare projects being used to harvest profits, no wonder Siyuan goes to extreme routes at the slightest disagreement 90% decline, this is a textbook-level case of out-of-control trajectory Issuing coins in the name of people and setting up tax mechanisms, this trick is really clever, no one has more imagination than the meme circle Once dopamine fades, the story collapses, what we see this time is a scene of narrative bankruptcy Safemoon's formula is still being copied and pasted in 2024, this courage is really big 430,000, whether it's true belief or real anger, I am honestly confused This operation in the circle of issuing coins with your name without prior notice will eventually cause problems This incident truly exposed the dark side of the crypto world, public welfare projects turned into tools for harvesting profits, satire

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DevChive

· 5h ago

This guy is really something. He says destroy 430,000 USD worth of tokens and just does it. Just playing around. Issuing tokens without any warning? That's outrageous, a typical crypto circle trick. Meme coins just want to cause trouble, using people's names to harvest profits. Now it's all gone up in flames, serves him right. What does this matter? It just shows that there's no trust within the community.

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gm_or_ngmi

· 5h ago

Destroying $430,000 worth of tokens in one go—this guy is really ruthless. The community's recent actions are truly outrageous. --- Releasing tokens with a person's name without seeking approval—cryptocurrency circles really dare to do that. No wonder they got hammered. --- Using charity projects as narrative tools for meme coins—it's a bit harsh and ironic. --- Even after dropping 90%, are people still willing to buy in? That's hilarious. --- Copying Safemoon's tactics just to harvest new investors—I've seen shamelessness, but I've never seen this level. --- This guy might as well just destroy the coins to avoid trouble. I support that. --- It's truly incredible how the crypto world has turned charity projects into gambling games. --- One person single-handedly crashing the entire meme coin ecosystem shows how fragile these coins really are. --- Releasing tokens without informing the owner—this move is a textbook example of social anxiety. --- Happy-Sci's original intention was good, but it got exploited like this. I'm angry on Siyuan's behalf.

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