ZachXBT, a well-known blockchain investigator, has declined to assist holders of the memecoin called Complex (SIMPLE), which was created on the Base blockchain. The project unexpectedly shut down on April 4, leaving users in a difficult position.
The project stated that they had made the decision to end Complex after careful consideration and with a heavy heart. They explained that recent instances of harassment had created an unbearable environment that negatively affected the well-being of their team members. Despite this, the developers ensured that SIMPLE would remain locked until a later date, allowing users to sell their tokens.
However, the shutdown has had a significant impact on SIMPLE’s value. Over the past 24 hours, the coin has lost more than 90% of its worth and now has a minimal market capitalization.
Users expressed their dissatisfaction with the developers’ explanation for shutting down the project, particularly their reference to mental health. One user criticized the developers, stating that they had quickly given up and used mental health as an excuse. They suggested that the developers should have been more straightforward and not expected praise for their actions.
Frustrated with the situation, some users turned to ZachXBT for assistance. However, the blockchain sleuth was also dissatisfied, not with the project’s closure, but with the numerous help requests he received. He made it clear that he had no interest in meme coins and did not want to spend his time helping people who willingly chose to invest in such projects. He also criticized those who spoke poorly of him but still expected his help for free.
Another user expressed a different sentiment, acknowledging the difficulties faced by ZachXBT and thanking him for his contributions to the space.
The Complex memecoin project appears to have ended shortly after its launch on March 30. At its peak, the project had attracted 3,013 tokenholders. Memecoins, in general, have seen significant returns in the current crypto bull market, with an average increase of 1,312.6%, making them one of the top-performing tokens by market capitalization.
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