According to Lookonchain, @danielesesta confirmed that Jeffy Yu is alive and provided proof after rumors of Yu's death circulated, which had initially caused confusion in the crypto community. The obituary posted on Legacy was removed following the revelation that Yu staged a fake death video to 'permanently disappear.' This incident has heightened concerns about trust and transparency in crypto project leadership, leading to increased volatility and caution among traders monitoring projects associated with Yu. Source: Lookonchain, Twitter, May 7, 2025.

According to Lookonchain, the price of $LLJEFFY experienced extreme volatility after rumors of Jeffy Yu's fake death circulated, causing a rapid surge followed by a steep decline. This event led to significant losses for traders who engaged in FOMO buying, with one individual losing $93,000 within just one hour (source: Lookonchain, May 7, 2025). Such sudden price swings highlight the high-risk nature of meme coin trading and underscore the importance of risk management strategies for crypto market participants.

According to Lookonchain, a trader lost $93,000 in just one hour after investing 1,046 SOL ($149,200) into the Solana-based meme coin $LLJEFFY following a week of inactivity. Shortly after the large buy-in, news of Jeffy Yu’s fake death surfaced, causing $LLJEFFY’s price to crash. The trader panicked and sold all holdings for only 394 SOL ($56,200), realizing a significant loss. This incident highlights the extreme volatility and risk linked to meme coins on the Solana blockchain, especially when trading volume reacts sharply to social media rumors (source: Lookonchain via Twitter). Crypto traders should exercise caution with low-liquidity tokens and monitor social sentiment closely for risk management.

According to Lookonchain, a trader suffered a $93,000 loss within one hour after purchasing 1,046 SOL (worth $149,200) of $LLJEFFY. The price of $LLJEFFY crashed sharply following the news of Jeffy Yu's fake death, prompting the trader to panic sell for just 394 SOL ($56,200). This event highlights the extreme volatility and risk associated with meme coins on the Solana blockchain, emphasizing the need for traders to manage risk during rapid market-moving news. The incident serves as a warning for crypto traders to employ stop-loss strategies and remain vigilant about news events that can trigger large price swings. (Source: Lookonchain, Twitter, May 6, 2025)