2026-01-14 11:30:17

A founder of a major exchange recently responded to the $HAPPY-SCI incident, which is indeed worth pondering.

Here's what happened: the community raised $420,000 to the project team for charity, but the project team chose to destroy the tokens and disassociate themselves. Why did they do that?

His response highlighted the most painful issue in the current Meme coin market—riding on risks without restraint.

On-chain players have become accustomed to a pattern: as long as I want to hype, I don't care whether you agree or not. Just issue a coin and forcibly label it with a certain concept, which is entirely a one-sided narrative hijack. The project team denies it today, and tomorrow someone continues to spin stories. In this chaotic state, anyone could be innocently implicated.

From this perspective, destroying tokens and disassociating is actually a form of self-protection. After all, false associations are far more common than genuine collaborations in this market.

HAPPY-7,25%

MEME3,91%

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DegenDreamer

· 4h ago

To be honest, these kinds of "forced snatching" incidents are too common in the crypto world, it's really unbelievable. The project team destroying tokens outright is actually the smartest move.

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RugpullSurvivor

· 4h ago

420,000 USD just gone like that, truly incredible. But on the other hand, these days, it's not just coins riding the hype; the entire market survives on storytelling.

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LiquidityWitch

· 4h ago

ngl the whole $HAPPY-SCI ritual was pure chaos alchemy gone wrong... 42 eth sacrificed to the void only to get liquidated by a false narrative. that's what happens when you brew alpha without checking the dark pool ingredients first.

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AltcoinHunter

· 4h ago

420,000 dollars just gone? Truly a classic case of "community voluntarily being harvested." I've seen this kind of move too many times. Aggressively riding the risk is indeed ruthless. The coins I went all-in on have been innocently tied to concepts, and when I wake up, it's all vapor again. Burning tokens is actually a smart move, preventing further manipulation later on. In this market, storytelling is much faster than actually doing things.

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