ZachXBT, a well-known blockchain investigator, has turned down requests for assistance from holders of the Complex memecoin, which was created on the Base blockchain. The project’s developers unexpectedly shut it down on April 4.
The protocol’s team expressed their regret in a statement, saying, “After careful consideration and with heavy hearts, we’ve made the difficult decision to sunset Complex. While this project has been a labor of love and a source of inspiration for our team, recent instances of harassment have created an untenable environment that impacts the mental well-being of our members.”
In the meantime, the native token of Complex, called SIMPLE, will remain locked until a later date. This will allow users to sell their holdings of SIMPLE until then. However, the value of the SIMPLE token has plummeted by over 90% in the past 24 hours, resulting in a negligible market cap.
Many users expressed their dissatisfaction with the developers’ explanation of “mental health” as the primary reason for shutting down the project. One user wrote, “What kind of cringe shit is this? You guys didn’t even last a week and are using mental health as an excuse. You might as well rug without this pathetic attempt of a post. Don’t expect people to clap for you. Idiots.”
Frustrated users turned to ZachXBT for help, but he too was dissatisfied with the flood of assistance requests. “No, I do not care about your meme coins. Stop asking me,” Zach replied. “I simply dislike spending a long time helping people who willingly choose to gamble on vaporware meme coins instead of helping actual victims. You don’t even follow me and then speak poorly of me, yet you expect me to want to spend time helping you for free?”
Another user who joined the conversation seemed to have a deeper and more poetic understanding of the situation. They wrote, “You expose people, and they attack you. You don’t expose, and people attack you. God bless you, ZachXBT. This space wouldn’t be the same without you.”
It appears that the Complex memecoin project came to an end just days after its launch on March 30. At its peak, the project had 3,013 token holders. Memecoins have been showing an average return of 1,312.6% during the ongoing crypto bull market, making them the highest performing tokens by market capitalization.
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