@gayugoldenbull Haba dan Allah, kunfimu qarfi fa na rufin asiri muke nema amma kunata karban dan na hanun namu for god sake, i put all my believe in u wllh that u will do good more than sunusi but😭
Assalamu Alaikum.
I would like to express my sincere regret over what happened today with the $SUNUSI token.
What happened?
When we launched $SUNUSI, I can confidently say it started on a strong note. In less than five days, the project reached an all-time high market cap of $3.7 million.
As expected, some early holders began taking profits, which caused the price to decline. The market cap eventually dropped from $3.7M to around $440k.
To address the situation, I made a post on X seeking support from the Solana ecosystem, including @solana and @a1lon9, the founder of https://t.co/2DJdNgdiuM.
Following that, I received advice from several experienced blockchain professionals. They told me that $SUNUSI had achieved something remarkable in a very short time and was now attracting the attention of major investors.
However, they also pointed out one major concern: the 48% token supply held in my wallet.
From an investor’s perspective, such a large allocation in a single wallet represents a significant risk, as they may fear a future dump.
Several solutions were suggested:
Lock the tokens for several years to build investor confidence. Burn part of the allocation and lock the remaining balance.
After discussing the options with the $SUNUSI team, we decided to burn half of the allocation and lock most of the remaining half. We scheduled the burn for around 12:30 PM today.
The burn process
There are generally two methods of burning tokens.
The first is sending tokens to a dead wallet. While the tokens become inaccessible, they still technically exist on-chain, so this doesn’t reduce the total supply.
The second method uses a dedicated burn protocol, which permanently destroys the tokens and reduces the total supply. This is often viewed more positively because it genuinely decreases supply. We choose the following burning protocol for the exercise.
https://t.co/yS88fzFR1l
After testing the protocol successfully yesterday with another wallet, we decided to use that method. Below is the link to the test we carried out.
https://t.co/k4iYWgK0hi
What went wrong
At approximately 12:30 PM today, I connected my wallet to the burn protocol and initiated a transaction to burn over 24 million plus $SUNUSI tokens.
After approving the transaction, the token price briefly moved upward. Within minutes, however, it began dumping.
When we checked the blockchain, we discovered something was terribly wrong.
Instead of burning 24 million plus tokens, only about 242,258 $SUNUSI had been burned. Below is the onchain link of the burning exercise.
https://t.co/b3KkF4DR3p
The remaining tokens had been transferred to another wallet, which immediately started selling them.
In the confusion, some people suggested burning the remaining tokens to help stabilize the market.
Before attempting another large burn, I decided to test with just 10,000 $SUNUSI.
The moment I approved that transaction, everything in my wallet was drained, not just the remaining $SUNUSI, but also other assets including SOL, ANSEM, and other tokens.
Moving forward
This is undoubtedly one of the toughest challenges I’ve faced.
But I believe every trial comes from Allah, and this is one we must accept with patience.
Allah knows our intentions were sincere. We didn’t create $SUNUSI simply to make money. Our goal was to build something valuable for the community and create opportunities for others.
I won’t pretend this hasn’t been painful. It has been heartbreaking.
However, after receiving countless phone calls, messages, prayers, and words of encouragement from family, friends, and community members, I’ve accepted this as a test from Allah.
This setback will not break our spirit.
We will not give up.
Every meaningful success comes with challenges, and we remain committed to moving forward.
In Sha Allah, I will host an X Space tomorrow to explain everything in greater detail, answer questions, and discuss the next steps with the community.
An Open Letter to Aliko Dangote(@AlikoDangote), Abdul Samad Rabiu (@asr_rabiu) , and Tony Elumelu (@TonyOElumelu)
Dear Alhaji Aliko Dangote, Abdul Samad Rabiu, and Tony Elumelu,
Your contributions to business, entrepreneurship, and nation-building have inspired generations of Africans to believe that world-class enterprises can be built from this continent. Through your leadership, investments, and philanthropy, you've demonstrated the power of vision, integrity, and long-term commitment.
Today, I'd like to respectfully invite you to take a moment to learn about The African Bull – $SUNUSI.
The project was founded by Sunusi Danjuma Ali (@SunusiMinjibir), a Nigerian Web3 builder whose reputation for integrity preceded the launch of the project. He became widely recognized after returning cryptocurrency that had been mistakenly transferred to his wallet an act that earned widespread respect within the crypto community. Inspired by those same principles of transparency, trust, and community, $SUNUSI has attracted thousands of supporters who believe not only in the project, but also in the values of the person leading it.
Beyond being a community token, The African Bull represents a broader vision: showcasing African innovation, empowering communities, and demonstrating that trust and integrity remain valuable currencies in the digital economy. It reflects the growing potential of African builders who are creating globally relevant products from the continent.
We would be honored if you would take a few moments to learn more about this vision. If it resonates with you, we would welcome the opportunity to share the roadmap, answer your questions, and introduce you to the vibrant community that continues to grow around The African Bull – $SUNUSI.
Thank you for your time, your leadership, and your continued commitment to building a stronger Africa.
Respectfully,
A member of The African Bull ($SUNUSI) Community.
⚡️It’s Meme season, let’s celebrate it with a meme contest, we’re setting out $250 to the best 5 #memes creators🤡🎭
⏰ 24 hours
How to participate & Win⬇️
🔸Create your best $SUNUSI meme
🔸Post it under this post together with your SOLANA Wallet address, Tag 3 friends 🔸Include the Hashtag with your post: $SUNUSI #TheAfricanBull
🔸Like, Repost this post and follow @SunusiMinjibir & @theafricanbulll