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A founder of a major exchange recently responded to the $HAPPY-SCI incident, which is indeed worth pondering.
Here's what happened: the community raised $420,000 to the project team for charity, but the project team chose to destroy the tokens and disassociate themselves. Why did they do that?
His response highlighted the most painful issue in the current Meme coin market—riding on risks without restraint.
On-chain players have become accustomed to a pattern: as long as I want to hype, I don't care whether you agree or not. Just issue a coin and forcibly label it with a certain concept, which is entirely a one-sided narrative hijack. The project team denies it today, and tomorrow someone continues to spin stories. In this chaotic state, anyone could be innocently implicated.
From this perspective, destroying tokens and disassociating is actually a form of self-protection. After all, false associations are far more common than genuine collaborations in this market.