The Complex meme coin project was halted due to concerns about the mental health of the team following incidents of harassment. SIMPLE token value dropped over 90 percent following the project closure announcement. ZachXBT refused to assist Complex token holders, highlighting the risks of speculative meme coin investments.
Meme coin announced the closure, the price crashed!
The Complex meme coin team officially announced the end of the project for an interesting reason. The team cited concerns for the mental health and well-being of team members due to recent incidents of harassment. The meme coin on Base Blockchain also caused disappointment and financial loss to its investors. By the way, it should also be noted that the project was released recently. Complex’s developers have released a heartfelt farewell message, marking the end of their journey with the meme coin. They stated that although the project was a source of inspiration and commitment, it could not continue due to a “hostile environment” caused by incidents of harassment.
The statement highlighted the team’s commitment to making mental health a priority and creating a respectful and inclusive environment. As a result, the value of the project’s native token, SIMPLE, dropped significantly. The token has lost more than 90 percent of its value in the last twenty-four hours. Thus, it caused concerns among investors and the general crypto community
Community response and criticism
The closure of Complex sparked reactions on different social media networks. Accordingly, many users expressed their anger and disappointment. Developers citing mental health concerns as a reason for closures has come under a lot of criticism. Some said this was an inadequate or unconvincing justification. This created a divide within the community. Some called the developers opportunists who abandoned the project and its investors in favor of health concerns.
ZachXBT rejected the meme coin community’s request for help!
Some victims have sought help from ZachXBT, one of the Blockchain detectives in the field, to find a way out that could be some form of recourse or intervention. However, ZachXBT flatly refused to offer assistance to those affected by the closure of the Complex project. He explained his position with an argument that he did not think it was right to waste resources on what he saw as voluntary participation in meme coins, a high-risk, low-substance investment.
His reaction underscores a more general distrust of meme coins in some segments of the crypto community. cryptokoin.comAs you follow from , experts evaluate these projects as speculative and risky.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!