Indications from on-chain evidence imply that Zerebro's co-founder, Jeffy Yu, may have staged his own demise.
Unraveling the Bizarre Saga of Jeffy Yu - Crypto's Phantom Founder
The 22-year-old co-founder of Zerebro, Jeffy Yu, has become the face of an intriguing controversy after rumors circulated that he might have pulled off an elaborate hoax - faking his own death. Initially, he was presumed to have taken his own life, a tragic event that ignited a frenzy, skyrocketing the value of his meme coin, LLJEFFY, to an astounding $105 million. Yet, mounting evidence suggests Yu might still be very much alive, actively shuffling cryptocurrencies.
The Saga of Legacoin - A Deceased Founder's $105 Million Meme Coin
On May 4, a video surfaced on X (formerly Twitter), depicting what appeared to be a devastated Yu bidding farewell during a heart-wrenching livestream. This news shattered the crypto community. On May 6, an obituary was published on the Legacy platform, followed by a flurry of tribute posts. That same day, a pre-scheduled article showcased the introduction of "Legacoin" - a new category of meme coins inspired by legacy and permanence.
Beholding no promises or returns, Legacoin was launched as the first legacoin on the date of Yu's alleged death. According to the blog post, LLJEFFY was to be an "interactive performance art" where human emotions like fear, greed, and hope would reflect on the blockchain. Yu had expressed his discontentment towards the corrupting effect of wealth and fame on relationships in his final words, "You only truly die when you're forgotten. How will you define your legacy?"
Upon the release of the blog, the associated token, LLJEFFY, soared. Its market capitalization peaked at a staggering $105 million, marking an awe-inspiring surge of 2,115%. However, as the later investigations revealed, this astronomical rise was fleeting. As of the latest data, LLJEFY has plummeted a staggering 96.19%, with its current market cap at a mere $4.0 million. ZEREBRO, another project co-founded by Yu, has experienced a double-digit decline of 19.9%.
Is the Zerebro Co-Founder Truly Gone? Or Hiding in the Shadows?
As the community grappled with the shocking revelations, they began to uncover evidence suggesting that Yu was, in fact, still among the living and actively trading.
"Can't believe the ghost of the Zerebro dev is buying his 'legacy coin' on his phantom wallet brings a whole new meaning to phantom wallet I guess," a user noted.
On-chain analysis by X user Vee revealed that a wallet address, allegedly linked to Yu, continued to be active after his reported passing.
"I've just noticed that one of Jeffy Yu's addresses is dumping ZEREBRO, then sending USDC to the HTX exchange, and then that money is coming to Jeffy's address that created LLJeffy" Vee posted.
Moreover, Lookonchain revealed that a wallet potentially associated with Yu sold 35.55 million ZEREBRO for $1.27 million in Solana cryptocurrency. Following this, the wallet transferred $1.06 million in SOL to the developer wallet "G5sjgj" linked to LLJEFFY.
As suspicion grew, crypto influencer Irene Zhao and another user, Daniele, claimed insider knowledge that Yu faked his death. Daniele wrote, "Crypto just witnessed its first pseudocide exit strategy."
An alleged letter penned by Yu revealed his reasons for staging his death. He claimed to have been harassed, blackmailed, and doxxed, leading him to fear for his safety. Stepping away openly would have damaged the value of his projects, so he opted for a stealthier exit, he said.
As Yu's whereabouts remain unconfirmed, the crypto community continues to debate the implications of this unprecedented event. The truth remains shrouded in mystery, leaving the crypto world in a state of intrigue.
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- The video on X, formerly Twitter, showcased a distraught Jeffy Yu bidding farewell in a heart-wrenching livestream, which was presumed to have been filmed on May 4.
- The obituary of Jeffy Yu was published on the Legacy platform on May 6, with numerous tribute posts following.
- On the same day, the Legacoin project was introduced, featuring the token LLJEFFY, inspired by legacy and permanence.
- Upon the release of the blog post, LLJEFFY skyrocketed, reaching a market cap of $105 million, reflecting a staggering surge of 2,115%.
- Investigations later revealed that the market cap of LLJEFFY plummeted by 96.19%, with its current market cap now at $4.0 million.
- The community began to suspect that Jeffy Yu was actively trading despite his reported passing, with users noticing activity on his phantom wallet.
- On-chain analysis by X user Vee identified a wallet address linked to Yu as continuing to be active after his reported passing.
- Lookonchain revealed that a wallet potentially associated with Jeffy Yu sold 35.55 million ZEREBRO for $1.27 million in Solana cryptocurrency.
- As Jeffy Yu's whereabouts remain unconfirmed, claims of a staged death and a pseudocide exit strategy have circulated within the crypto community, leaving the world in a state of intrigue.
