You pulled us into a rat trap. Very disappointed in you. There are better ways to make a lot of money during the bull run than scamming your followers don't you think?
Hey, I hear your frustration, and I want to apologise for making the call on this memecoin. I was overly excited and bullish on this project, and genuinely believed that it had a lot of potential with a supposedly trustworthy leader at the helm, and a group of other experienced and season crypto traders who had been in the space since 2021 as the core team. As a dev and builder, I initially thought that this would be a fun project to get onboard as well with all the hype. I was wrong.
As the project gained significant momentum, reaching a $5M market cap, several red flags began to appear with the founder. First, there was a massive dip on the charts caused by an insider, followed by his dev wallet being hacked (through a common attack vector - installing a malicious file from a third-party - something which should not have happened to a seasoned pro in the space). This hack drained $85k from the liquidity pool, causing the market cap to crash by $2.5M. Shortly after, his discord account was also compromised, leading to bans of several core members of the group who had been key contributors since the beginning and the wiping of several discord channels. While no hard evidence directly links him to these events, the situation raised enough concerns for the six core team members, including myself, to decide to step away from the project entirely.
I would want to take responsibility for sharing what I believed was good alpha that turned out to be a disaster. If you or anyone else bought into this project based on my newsletter and incurred losses, please reach out to me and I’ll do my best to make it right. Again, I deeply regret the situation and appreciate your understanding.
Well of course we bought in based on your newsletter. And tweets. It seemed legit. You seemed legit. I've heard a lot of similar excuses over the years, but I've also been in your position where I shilled something I believed in only to have it rugged. That being said, you designed the website and were front and center on the team page. I have a really hard time believing that you are innocent. You were either part of the con or have no business giving any of us advice. Which one is it?
I understand your frustration, and I want to address this fully. Like everyone else, including core team members who had known the founder far longer than I had, I believe I was deceived.
For context, YCC was the first paid Substack newsletter I joined several months ago, drawn in by the founder’s writing and seemingly solid credibility. When the token launched on pump.fun, I happened to be in the Discord and decided to join the hype by purchasing tokens as well (this was also my first time using pump.fun). I then offered to help with the tech and website as it aligned with my expertise.
At this moment, I have completely left the project and the team, transferring all digital assets, accounts, and the token holdings I acquired when I purchased them on pump.fun. This totaled approximately 29M tokens, which at one point reached a value exceeding $150k from an initial investment of around 3-4 SOL (~$1000). That’s more than 150x, yet I never sold any of these tokens (and this is fully verifiable on-chain).
You’re welcome to verify my actions and credibility with former core team members like ZenTrader, Coinhunter, and The Indicator, or with other community members who have also since left the YCC Discord as well.
Throughout my time in this space, I’ve only shared my personal opinions and thoughts on projects I believed had potential, and I’d hesitate to frame anything I’ve shared as advice.
While I’ve had some successes and accurate predictions, I’m not correct 100% of the time. And in this case, I misjudged—a call that appeared solid initially but was later undermined by factors outside my control.
That said, I take responsibility for my part in sharing this disastrous call, which is why I’ve set aside a recovery fund from my personal funds to support those who were impacted by my call here.
I’ve learned from this experience and will continue striving to improve how I assess and share projects in the future—though I’ll probably steer clear of memecoins for a while.
You pulled us into a rat trap. Very disappointed in you. There are better ways to make a lot of money during the bull run than scamming your followers don't you think?
Hey, I hear your frustration, and I want to apologise for making the call on this memecoin. I was overly excited and bullish on this project, and genuinely believed that it had a lot of potential with a supposedly trustworthy leader at the helm, and a group of other experienced and season crypto traders who had been in the space since 2021 as the core team. As a dev and builder, I initially thought that this would be a fun project to get onboard as well with all the hype. I was wrong.
As the project gained significant momentum, reaching a $5M market cap, several red flags began to appear with the founder. First, there was a massive dip on the charts caused by an insider, followed by his dev wallet being hacked (through a common attack vector - installing a malicious file from a third-party - something which should not have happened to a seasoned pro in the space). This hack drained $85k from the liquidity pool, causing the market cap to crash by $2.5M. Shortly after, his discord account was also compromised, leading to bans of several core members of the group who had been key contributors since the beginning and the wiping of several discord channels. While no hard evidence directly links him to these events, the situation raised enough concerns for the six core team members, including myself, to decide to step away from the project entirely.
I would want to take responsibility for sharing what I believed was good alpha that turned out to be a disaster. If you or anyone else bought into this project based on my newsletter and incurred losses, please reach out to me and I’ll do my best to make it right. Again, I deeply regret the situation and appreciate your understanding.
Well of course we bought in based on your newsletter. And tweets. It seemed legit. You seemed legit. I've heard a lot of similar excuses over the years, but I've also been in your position where I shilled something I believed in only to have it rugged. That being said, you designed the website and were front and center on the team page. I have a really hard time believing that you are innocent. You were either part of the con or have no business giving any of us advice. Which one is it?
I understand your frustration, and I want to address this fully. Like everyone else, including core team members who had known the founder far longer than I had, I believe I was deceived.
For context, YCC was the first paid Substack newsletter I joined several months ago, drawn in by the founder’s writing and seemingly solid credibility. When the token launched on pump.fun, I happened to be in the Discord and decided to join the hype by purchasing tokens as well (this was also my first time using pump.fun). I then offered to help with the tech and website as it aligned with my expertise.
At this moment, I have completely left the project and the team, transferring all digital assets, accounts, and the token holdings I acquired when I purchased them on pump.fun. This totaled approximately 29M tokens, which at one point reached a value exceeding $150k from an initial investment of around 3-4 SOL (~$1000). That’s more than 150x, yet I never sold any of these tokens (and this is fully verifiable on-chain).
You’re welcome to verify my actions and credibility with former core team members like ZenTrader, Coinhunter, and The Indicator, or with other community members who have also since left the YCC Discord as well.
Throughout my time in this space, I’ve only shared my personal opinions and thoughts on projects I believed had potential, and I’d hesitate to frame anything I’ve shared as advice.
While I’ve had some successes and accurate predictions, I’m not correct 100% of the time. And in this case, I misjudged—a call that appeared solid initially but was later undermined by factors outside my control.
That said, I take responsibility for my part in sharing this disastrous call, which is why I’ve set aside a recovery fund from my personal funds to support those who were impacted by my call here.
I’ve learned from this experience and will continue striving to improve how I assess and share projects in the future—though I’ll probably steer clear of memecoins for a while.
I really appreciate you taking ownership. I'm sure this has been really hard for you. Thanks for the explanation and accountability.