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American rapper Ty Dolla $ign accidentally burned $500,000 in SUNDOG tokens when he made a transfer to the wrong Tron address, but minutes later Justin Sun returns the funds to the American rapper.
On his Upon closer inspection by x and crypto.news users, the rapper accidentally made a transfer to the contact address, not his TRX wallet.
In his previous tweet, the rapper had just purchased the Tron meme token for $500,000, only to lose it just hours after the purchase due to an error sending the funds to the wrong crypto wallet.
“So he's gone? What am I supposed to do now? wrote the rapper in x.
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Many internet users who appeared in the post tried to explain to the rapper what happened to his SUNDOGs, and some even suggested that he should buy Shiba Inu tokens instead. But the lost SUNDOG tokens could not be recovered.
However, minutes later, crypto entrepreneur and SUNDOG ambassador Justin Sun returned the funds.
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In the days leading up to the tragedy, Ty Dolla $ign had joked that he was questioning the “hype” behind meme coins.
“What's up with all these memecoins? I keep hearing about them everywhere. Is it all hype or are people really making bread out of this? said.
Ty Dolla $ign then went on to say that he wants to “invest 500k in meme coins,” to which boxer Ryan Garcia quickly responded, “Bet on Sundog. Some mafia cult meme lol.” Thus, leading the rapper to the substantial loss of 1 million Sundog tokens.
Ty Dolla Sign is not the first public figure to get burned after attempting to make a cryptocurrency purchase.
In March 2024, the anonymous creator of the so-called memecoin Slerf accidentally burned $10 million worth of SOL tokens raised from liquidity providers and the tokens that were reserved for the airdrop.
He admitted that it was just a “meaningless misclick,” when the developer was trying to burn some of the tokens using Solana web tools.
Another Big crypto Burn Happened to nft Collector x.com/vitalitygrowth/status/1639489299254063105?s=46″ target=”_blank”>Brandon Riley who accidentally destroyed a CryptoPunk worth $129,000 while trying to create a proxy wallet in March 2023.
