“Tragically, the world of cryptocurrency has seen an alarming rise in rug pulls, where opportunistic scammers exploit the market to pocket quick cash. Recently, this menace struck the Nigerian crypto community, previously known as ‘Twitter’ crypto enthusiasts, as one of the most trusted influencers executed a rug pull on a project that had successfully raised a staggering $300,000 during its presale. Feyi’s stimmy coin rugpull

The Genesis of Stimmy Coin (STIMMY)

As you delve into the captivating tale of Stimmy Coin, you’ll discover that its birth stemmed from a satirical nod to the stimulus checks received by United States residents during the COVID-19 lockdowns. This whimsical concept gained rapid popularity, thanks to its creator, Feyi, a prominent figure within the Nigerian crypto sphere. With over 84,000 followers on his X (formerly Twitter) account @feyi_x, he possessed the magic wand to conjure up a wave of enthusiasm for the STIMMY project, employing social media contests and other clever tactics.

What makes this story even more spellbinding is that Feyi had always been a vocal critic of founders who pulled rug or scammed investors. It was this moral high ground that garnered him a fiercely loyal following, which only grew stronger as he prepared for the grand launch of his brainchild.

The Unconventional Twist

Now, here’s where our tale takes a dark twist. On the day of the presale, Feyi decided to take an unconventional route, asking investors to send their hard-earned Ethereum (ETH) to a personal wallet address, rather than utilizing a well-established presale platform like Pinksale. It was a move that would haunt the project from this point onward.

After successfully raising a jaw-dropping $300,000 during the presale, the project distributed tokens, and STIMMY coin secured its place on decentralized exchanges. However, cracks soon began to appear. “Initially, the liquidity pool received less than half of the presale funds, immediately putting participants in the red. Yet, many steadfastly believed in Feyi’s integrity.

The Great Vanishing Act

The next crack to rupture this crypto dream was the conspicuous absence of marketing for the STIMMY coin, despite Feyi holding around $150,000 in his personal wallet. Astonishingly, Feyi never deployed these funds for marketing purposes, leaving presale investors far from profitability. Shortly after, Feyi vanished from social media, embarking on a journey to move his ill-gotten gains to Binance. However, this was far from the end of the saga.

Feyi and the Developer’s Grand Heist

In Feyi’s stimmy coin rugpull, Initially, the STIMMY liquidity pool was locked for a seemingly reassuring four months. However, this raised concerns among investors that the cryptocurrency’s founder might not be as trustworthy as they had thought. As fate would have it, their suspicions proved to be well-founded when, on Friday, October 27, the liquidity was unlocked.

As soon as the gates opened, the $85,000 in ETH that remained in the liquidity pool disappeared like a wisp of smoke. It was hastily transferred through a series of wallets, seemingly in a bid to conceal the funds, and ultimately landing on the KuCoin exchange.

In classic ‘X’ fashion, the crypto community initiated their own investigations, unmasking the developer behind the project, who allegedly goes by the handle @DevPanther999. Investigators on social media have doxxed the developer’s LinkedIn page, circulating it widely. Even victims of this rug pull didn’t spare Feyi, the project’s founder, as they doxxed him, sharing his images across various social media platforms.

The Ultimate Betrayal

By executing this audacious liquidity pull, the founders and their team behind the STIMMY project have executed the ultimate rug pull, leaving investors who were already suffering losses clutching completely worthless coins that are unsellable.

This harrowing tale serves as a stark warning about the perils of investing in untested and unproven crypto founders. Furthermore, it is a crushing blow to a country, Nigeria, that has been striving to gain recognition for its crypto projects on the global stage, dealing a severe blow to an already fragile reputation.

In the world of cryptocurrencies, nefarious schemes and bitter betrayals fill the treacherous minefield—it’s not all moonshots and Lambos. The cautionary tale of STIMMY coin serves as a stark reminder that, in this high-stakes arena, vigilance and skepticism are your most reliable allies.”