The crypto streamer Gainzy experienced a 99% drop in the market value of his token due to an "accidental click."
Sep 04, 2025 09:43:28
ChainCatcher news, according to Protos, cryptocurrency streamer Gainzy claimed that he accidentally clicked the "Sell" button while fiddling with his phone, causing the market value of his own Pump Fun token to plummet by 99%. This action caused the market cap of gnzystrm to drop from $4.6 million to $12,000 in an instant, before rebounding to $2.2 million. Nevertheless, Gainzy personally profited $168,000 in the process.
After the incident, Gainzy posted on X stating that it was an accidental click due to his hand slipping. He then contacted Pump Fun CEO Alon Cohen, hoping to rectify this "rug pull" event and emphasized that he was not hacked.
Although Gainzy claimed this was an accident, some bystanders and cryptocurrency security firm Arkham expressed skepticism. Gainzy stated in an emergency livestream that he is working with the Pump Fun team to resolve the issue and will update the situation when there is further news. He also mentioned that he would not publicly announce a buyback plan to avoid being front-run.
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