ZachXBT, a well-known investigator in the blockchain community, has declined to assist users of the memecoin called Complex (SIMPLE), which was created on the Base blockchain. The developers of the project abruptly shut it down on April 4, leaving holders of the coin in a difficult situation.
In a statement, the project expressed their regret in having to make the decision to end Complex, citing instances of harassment that had negatively impacted the team’s mental well-being. They acknowledged that the project had been a labor of love and a source of inspiration, but the circumstances had become untenable.
Meanwhile, SIMPLE will remain locked until further notice, allowing users to sell their tokens if they wish. However, the value of SIMPLE has plummeted over 90% in the past 24 hours, resulting in an insignificant market capitalization.
Many users were dissatisfied with the developers’ explanation, particularly their reference to mental health. One user criticized the post, calling it “cringe” and accusing the developers of using mental health as an excuse. They suggested that the developers should have simply walked away without trying to garner sympathy.
Some frustrated users turned to ZachXBT for help, but he too expressed his dissatisfaction with their requests. He made it clear that he had no interest in meme coins and did not want to spend his time assisting those who willingly chose to invest in such projects. He also pointed out that some users had spoken poorly of him in the past, making it even less likely for him to offer his help for free.
Another user offered a more poetic perspective on the situation, acknowledging the challenges that individuals face when they expose others and the subsequent attacks they receive. They praised ZachXBT for his contributions to the space and expressed gratitude for his presence.
The Complex memecoin project appears to have ended shortly after its launch on March 30. At its peak, the project had attracted 3,013 tokenholders. Memecoins have been performing exceptionally well during the current bull market, with average returns of 1,312.6%, surpassing other top tokens by market capitalization.
Related: In the ongoing frenzy surrounding memecoins, one trader managed to turn $13K into $2M within just one hour.