📢 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.
$SUNUSI is building with vision, community, and long-term purpose—not just hype.
Sometimes all a great project needs is for the right people to notice.
What do you think about $SUNUSI, @elonmusk? 🚀
@theafricanbulll
Dear @elonmusk
Could you take a look at solana:2vvw3cSwibzGD6SgW9QzRaBdmjkYrvs218DUy6VWpump, The African Bull?
Your support or even a simple mention would mean a lot to the community as we continue building and growing the project.
Thank you.
Massive respect to the $SANUSI team! 👏🔥
Amazing community, strong vision, and a great airdrop for early supporters. I'm proud to support this project and hope to be among the lucky recipients. 🚀💙
@SunusiMinjibir@theafricanbulll#Airdrop#Crypto#Solana
Massive respect to the $SANUSI team! 👏🔥
Amazing community, strong vision, and a great airdrop for early supporters. I'm proud to support this project and hope to be among the lucky recipients. 🚀💙
#SANUSI#Airdrop#Crypto#Solana@theafricanbulll
The chart isn’t asking for permission anymore😤😤😤🚀🚀🚀
$1.8M+ market cap reached✅
$1.27M+ and climbing⚡️⚡️⚡️
The next leg belongs to those who act, not those who watch⛷️🔥
$SUNUSI is just warming up for another Leg up🚀🚀🚀
#TheAfricanBull is the #RealBlackBull🐂
CA: 2vvw3cSwibzGD6SgW9QzRaBdmjkYrvs218DUy6VWpump
AREWA IS NOT FOR APC!!!! 🚫❌❌❌❌❌❌❌❌❌❌❌❌❌
GET TINUBU OUT OF VILLA BY VOTING HIM OUT!!!!!!!!
SAY NO TO MUSLIM MUSLIM TICKET COME 2027... USE YOUR PVC!!!!!!!
BANDITS Din Da Yayi Kidnapped NYSC Corp Wato Abba Dake Zamfara Bayan An Biyashi N10M Kudin FANSA Ya Bukaci A Siyo Sabbin Babura Guda Biyu.
Ga Baburan Nan Bandits Din Yayi Posting Dinsu Awa Daya Data Wuce.
DSS be like: Sorry, Our NETWORK Only Detects Tweets, Not T€rrorists
🚨 Crypto Update
Attention is returning to Pi Network as people discuss the upcoming Pi Launchpad.
Many believe it could increase the utility of Pi Coin.
#CryptoUpdate#PiNetwork