Degens debate Zerebro co-founder’s death, while his wallets dump tokens and traders get rekt

The crypto community has been again filled with controversy over the supposed death of Jeffy Yu, co-founder of the memecoin-based project Zerebro.

While some believe that Yu died of a reported suicide, lack of evidence from the coroner office and on-chain activity tells a different story, as his purses are very alive, dumping tokens and leaving entrepreneurs with heavy losses.

The argument that Yu's death can be a ruse Received a strengthening of credibility because the preliminary post announcing his death at Legacy.com was obtained by the San Francisco Chronicle after it did not receive a death certificate or any corresponding document confirming Yu's death.

The local coroner office said that no one had a surname of YU who died on the same day that Jeffy Yu was reported to have died.

On-chain activity raises suspicions about the Zerebro story

The story began to make twisted after allegedly taking Jeffy Yu Manifesto for Legacoins (Lljeffy), a memecoin dedicated to heritage, on May 4.

However, after his reported death, the wallets linked to Yu actively dump Zerebro tokens. This has increased public doubt, especially to entrepreneurs who ask the authenticity of Yu's death.

X User (@repeateFtervee) Na -Post A breakdown of purse transactions allegedly tied to Yu. The wallets are believed to be under his control sell Zerebro tokens, after which $ USDC was sent from HTX exchange sales, which was then then raised to the address reported used to create LLJEFFY.

Mass Dumping has been able to trigger a sharp sale of the token, which has caused a steep price crashing that left entrepreneurs holding bags.

Trader Fallout and Community Response

Entrepreneurs who bought Zerebro and Lljeffy tokens, especially after increasing attention following Yu's “death” saw their investments evaporated.

According to the on-chain data distributed by lookonchainA specific businessman spent 1,046 sol ($ 149.2k) to buy lljeffy. When the news of Yu Faking came out of his death, the token began to look at the trader, prompting the businessman to panic to sell all of their LLJEFFY holders at 394 SOL ($ 56.2K). All of this happened within an hour.

In X, Degens will continue to debate whether Yu is actually dead or simply featured the event to influence a bomb and interfere with users from the dump.

X User (@danielesesta) Na -Post“Using Zerebro Dev (who is not dead BTW) as some martyrs to dodge responsibility, give me a break. It's crypto. I've been with a hundred times, and I'm still here. The haters are part of the game. Shout out less, build more.”

I just noticed that one of Jeffy Yu's addresses were dumping $ Zerebro, then sending USDC to HTX exchange, and then Jeffy's money would come up to create $ lljeffy.

G5sjgjpdfdoz7hra49ydobesdqmoocmdwscuerqltfyr (the creator of lljeffy) then buy a token and… pic.twitter.com/lqwzudyn3l

– VEE (@repeataFtervee) May 6, 2025

Although confusing, the Zerebro team remained silent from the dump, with no new statements issued, further suggesting either anxiety or deception.

A pattern in the wild west of crypto

While the Zerebro incident was surprising, it did not occur in crypto. Projects have previously used fake narratives, celebrity endorsements, fake partnerships, and even revolt around personal events to drive in touch or discharge techniques.

The added twist of the death of an founder, however, makes this case unique and manipulative; However, it is also not the first of its kind in the crypto world.

So far, the price of the zerebro token has been cultivated, with the drying of liquidity and the holders expressing anger. Whether Jeffy Yu is alive or dead remains unclear, but it is apparent that the dompets associated with him or his inner circle are significantly released, and there is little to shrink for the left hand -holding bag.

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