Siqi Chen Faces Backlash Over Alleged ‘Zero’ Token Rug Pull
Runway CEO Siqi Chen appears to have found herself in hot water after using cryptocurrency to raise funds for cancer research following her daughter’s diagnosis.
Chen Siqi is now accused of using “zero” tokens to pull.
Chen Siqi’s “zero” token sparks backlash
When daughter Mira Chen was diagnosed with brain tumor, Siqi Chen appealed to supporters on social media donate Donate to the Children’s Brain Tumor Fund. A user X then created a meme coin Solana called Mira Support research efforts. Half of the MIRA token supply is sent to Chen.
As the story spread on social media, the cryptocurrency community rallied behind the coin, with Chen’s holding rising to $14 million. according to Coin Geckoas of press time, MIRA is trading at $0.01518, down 13% in the past 24 hours.
Now, just one A few days later, Chen Siqi seemed to be involved in another carpet-pulling incident. Chen created a token called “zero” on Pump.fun and claimed that “this token will go to zero… don’t buy it.”
But because Chen Siqi uses the same style Donate In the past few days, we issued this new meme token through wallet addresses, and many investors rushed to buy it. As a result, the coin’s market capitalization crossed $6 million in just one hour.
At one point, Chen sold zero of his holdings and acquired 444 Solwhich was later burned.
“I didn’t expect everyone to see it and buy it – I thought it was something I needed to tweet about. Then I panicked and sold 40% of the supply and made about 444 sol. I used I’m buying back every penny I make (444 sol) and then burning everything I own so the community at least knows I’m making zero profit from it I’m very sorry about this – I’m still learning all this. How it works,” Chen wrote on Twitter.
He further clarified that MIRA’s mission is so important that it “doesn’t make sense” to use coins to pull coins.
Chen explained that he just wanted to understand how Pump music Work to enable other pediatric disease organizations to benefit from MIRA’s advances.
“I accept responsibility and commit to making every affected wallet whole with my own personal funds,” Chen added.
However, blockchain detectives ZackXBT Pointing out that Chen had come up with the exact same excuse a few days earlier with another token.
Disclaimer
follow trust project BeInCrypto is committed to fair and transparent reporting. This news article is designed to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on the content of this article. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
