na you talk am $SUNUSI
You rugged your community coming here to tell us nonsense story
All fools supporting him with this you shall face the wrath of God
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 took some time to investigate the on-chain activity of $SUNUSI
Here’s what I found📌
From my investigation, it appears that the website used by @SunusiMinjibir had a malicious mechanism built into it.
The website was programmed so that whenever you tried to burn tokens, it would burn only 0.1% of the amount you intended to destroy, while automatically transferring the remaining 99.9% to another wallet.
In the case of $SUNUSI, they attempted to burn more than 242M tokens. However, because of how the website was programmed, only about 242K tokens (0.1%) were actually burned, while the rest was transferred
You can verify this directly on-chain.
One of the most deceptive parts is that when you click on the transfer transaction on-chain, it redirects you to the burn transaction, making it appear as though the tokens were burned.
This was a sophisticated trick, and even experienced people can fall victim to scams like this.
I’m not posting this to blindly defend @SunusiMinjibir I’m simply sharing what I found from the on-chain data, which is public and transparent
In my opinion, the biggest mistake was telling people to sell. It may have been better to ask holders to stay calm and organize a CTO (Community Takeover) after the hackers were gone.
My heart goes out to everyone who lost money in this incident.
Based on the on-chain evidence I reviewed, I couldn’t find any indication that @SunusiMinjibir intended to harm holders. The apparent intention was to burn tokens and reduce the circulating supply, but the website’s malicious code prevented that from happening.
If anyone disagrees with this conclusion, I encourage them to present on-chain evidence rather than make accusations without proof.
I did this research to find the truth, not to take anyone’s side.
Finally, I’d like to send my heartfelt support to @SunusiMinjibir and wish him all the best moving forward. ❤️
✍️ Musa
daily reminder that I’m comfy in cat coins I am an intelligent investor positioned in premium feline assets a multi trillion dollar industry vacuum
♾️💻💲
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