The crypto world has never lacked spontaneous enthusiasm, but it often stumbles between good intentions and boundaries. Recently, the HAPPY-SCI token's market cap soared to nearly zero, highlighting this contradiction, and CZ's response further touched on several core issues in the industry that are often overlooked.
However, this "enthusiasm" was not officially recognized and was instead met with cold water. Siyuan quickly clarified that Happy-SCI is a charitable project that does not conduct public fundraising and will never issue tokens, then directly burned approximately $420,000 worth of BNB. After losing official endorsement, the HAPPY-SCI token's price plummeted, and its market cap eventually dropped to $160,000, causing heavy losses for early investors following the trend. On January 14, CZ responded to this incident, expressing understanding and sympathy for the community and P Xiao, and also raised several thought-provoking questions.
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The crypto world has never lacked spontaneous enthusiasm, but it often stumbles between good intentions and boundaries. Recently, the HAPPY-SCI token's market cap soared to nearly zero, highlighting this contradiction, and CZ's response further touched on several core issues in the industry that are often overlooked.
However, this "enthusiasm" was not officially recognized and was instead met with cold water. Siyuan quickly clarified that Happy-SCI is a charitable project that does not conduct public fundraising and will never issue tokens, then directly burned approximately $420,000 worth of BNB. After losing official endorsement, the HAPPY-SCI token's price plummeted, and its market cap eventually dropped to $160,000, causing heavy losses for early investors following the trend. On January 14, CZ responded to this incident, expressing understanding and sympathy for the community and P Xiao, and also raised several thought-provoking questions.