For the sake of transparency, I’ll be hosting an X Space tonight to explain exactly what happened and answer questions from the community.
I’ll walk everyone through the events, what we discovered, and the lessons learned.
🗓️ Today
🕣 Time: 8:30 PM (WAT)
🗣️ Languages: Hausa & English
Transparency remains my priority.
Dear $SUNUSI Team, @SunusiMinjibir@kabiru_hussain@Mehusadeeq@creptosolutions@CaptainNFA@Msageer_ and the real,
It has come to our attention that some of you are going through a difficult time because of what happened. We understand how challenging this moment must be, especially after the vision, dedication, and hard work you invested in spearheading this project.
Your vision and collective efforts have been a testament to what a committed team can achieve with a clear purpose in such a short period of time.
The community has seen everything that transpired, and the overwhelming majority of reasonable members agree that you gave this project your very best. What happened is something that can occur even to the most capable, experienced, and intelligent individuals. It is part of being human, and mistakes or unforeseen setbacks are a reality that every great journey encounters.
Despite this setback, the community still believes in you and remains ready to support your vision through to the finish line. Do not let this moment cloud your faith or diminish your morale. Take the lessons from this experience, rise stronger, and let’s give it another push together.
May Allah make this trial easy for all of us, grant us wisdom, patience, and strength, and bless our efforts with success.
Giving up is not an option.
Yours in struggle,
S.M Danpullo
On behalf of entire DCTV Africa Family
JUST IN: 🇧🇷🇺🇸 Brazil President Lula:
“The US lied about Iran's nuclear weapons just like it lied about Iraq. It provoked this war. Now Trump says oil owners must pay him 20% for each ship he claims to unblock.
That used to be called piracy."
We are not gonna stop.
We're coming back stronger, smarter, and more determined than ever. Every setback is just a setup for a greater comeback.
The journey continues. Stay ready. 🚀🔥
@SunusiMinjibir@SALISU_AUWAL99@muhd_cash
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.
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.