📢 For transparency, below is a brief explanation of what happened today, directly from the Dev page:
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 Pump. fun.
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 (Dev 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/MFxkU7CBvG
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/UhDpM6hzga
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/zABc2p86wm
The remaining tokens had been transferred to another wallet, which immediately started selling them.
In the state of 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 & 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 & 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 & we remain committed to moving forward.
There will be an @X Space tomorrow to explain more, answer your questions, and discuss the next steps with the community.
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.
🚨 URGENT COMMUNITY UPDATE 🚨
Dear $SUNUSI community,
We successfully initiated the burn of about 50% of the $SUNUSI tokens in the developer wallet using a trusted third-party burn service. Unfortunately, during the process, the developer wallet was compromised, and the attacker gained control of the wallet including all funds on the wallet and the remaining assets it held.
Following these events, a technical issue appears to have affected the token’s price display, not realizing that the hacker sold the initial 50% of the token, this results in the initial sharp price drop.
This was not a planned sell-off or rug pull. The blockchain records are transparent, and we will share all verified information with the community as our investigation progresses.
Please seeing that the hacked Dev wallet is under their control, we recommend that everyone should sell all his $SUNUSI Positions.
Thank you for your patience and continued support.
To be honest, more clarity is needed, am calling the attention of the team and dev to open a space immediately to give us a clarity on this dump. My hands are shaking
I’m thinking of starting something new alongside XM Charity Foundation.
Every month, I want to make one complete stranger a millionaire by supporting them with ₦1,000,000.
Not a giveaway.
It has to be someone genuinely in need who is already running a small business but lacks the capital to grow.
I believe one opportunity can change a life, a family, and even a community.
I’m still working on the details, but this is something I’m seriously considering.
Insha’Allah.
idan ka Tambayeni Token na Holding zance maka ka sayi $SANUSI idan ka sake tambayata wani zance sake kara $SANUSI
idan ka Kuma Tambayar wani zance Kuma kwasar $SANUSI idan ka sake cewa sai wanne zan kuma cewa kwashi $SANUSI KAWAI kai Gefe
2vvw3cSwibzGD6SgW9QzRaBdmjkYrvs218DUy6VWpump
solana:2vvw3cSwibzGD6SgW9QzRaBdmjkYrvs218DUy6VWpump
Over 22,000 people tuned in to our X Space today, and that's not even counting those who will listen to the recording later.
What an incredible show of support from the community. 🐃🔥
Thank you.
Thank you.
Thank you.
We truly appreciate everyone who joined, listened, shared, and contributed. This is just the beginning. Onward and upward for $SUNUSI! 🚀
The world has seen meme coins inspired by dogs, frogs, cats, and countless internet jokes.
Now it’s time for something different.
THE AFRICAN BULL
Born in Africa.
Built for the world.
$SUNUSI
This is our official website. Feel free to explore it for detailed information about our roadmap, tokenomics, vision, and everything else you need to know about the project.
https://t.co/FUWwWlkTst
Morethan 1.5K live participants on the space🎙️
You can also join us now via this link:
Comment with $SUNUSI, let’s show the world how powerful the herds are🐂🐂