- A disgruntled board unceremoniously booted the CEO over some rather spicy rug pull allegations.
- Speculative trading losses that looked like a horror movie plot twist.
- Users left holding ecosystem tokens that are now about as useful as a chocolate teapot. 🍫🫖
Once upon a time in the sparkling land of NFTs, Pixel Vault was the belle of the ball. But then came the drama! 🎭 The board decided to kick @gfunkera86 (Sean Gearin) out like yesterday’s leftovers after he allegedly swept some rug pull antics under the rug—or, you know, just did a really good impression of one. The tweets flew on X (that’s Twitter, for the uninitiated), announcing his exit. There are rumors of self-dealing, and he’s under formal review. But isn’t that what every CEO dreams of? 🙄
Source – X
So, hold your horses, because this whole fiasco is tied up with the MetaHero universe and its charming tokens: $GG, $PUNKS, and $POW—turns out they’ve been doing the cha-cha right into the abyss! 💃 Community members are pointing fingers, claiming the ex-CEO was orchestrating some rather dodgy swaps, swapping their $PUNKS for $GG tokens when the market was down. Spoiler alert: 87% of the $PUNKS supply was gobbled up by the company. Now, $GG is worth less than a used gum wrapper. Oopsie daisy! 👠
The Auction Shock Show: Seriously, Where’s the Money?!
Source – X
The plot thickened just when sixteen CryptoPunks were up for grabs! 🤑 The auction brought in a whopping 930 ETH—yep, that’s around 2.4 million dollars. Enthusiasts thought that Ethereum would work like magic pixie dust to keep Pixel Vault spinning. But instead, it seems the cash danced right into the shimmering pockets of the ex-CEO, allegedly melted away in risky derivative trading. Talk about a disappearing act! 🎩✨
One brave soul on X (let’s call them the Gossip Guru) declared: Gfunk pocketed the ETH from the sale, tossed it on ByBit, played the leverage game, and—wait for it—lost it all! What a plot twist! 🕵️♂️ Meanwhile, folks are scratching their heads wondering how over $100 million in raised funds just evaporated without a trace. Poof! Where did it go? 💸
Reports indicated mayhem! Major wallets were drained, the remaining NFTs were sold in a fire sale, and surprise—messages from the CEO vanished like a magician’s rabbit! 🐇🚪 A tool called PunkPredictor estimated sold Punks at 950 ETH, which became a hot topic of ridicule across the NFT community. Because who doesn’t love a good roast, right? 🍗
Private Loans, Shady Collateral, and the $GG Debacle
Right before the auction chaos, someone orchestrated a private loan using PUNKS as collateral. Sneaky, sneaky! This allowed Gfunk to get some ETH—possibly to inflate auction prices? The web of manipulation just got thicker! 🕸️
This revelation sparked a chorus of cries shouting ‘manipulation!’ which was quickly validated by numerous accounts on X. Because the internet is never wrong, right? 🙃
In a last-ditch effort to regain favor, our dear ex-CEO tried to tout $GG as the next big thing, all while highlighting some market oopsies and his “mistakes.” 🤦♂️ He emphasized the GG ecosystem would see more funding from proceeds, but alas, trust was lost when community leaders promptly labeled his moves as one of the most outstanding rug pulls in crypto history. Bravo, Gfunk! 👏
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2025-08-02 13:27