LLJEFFY Token Plummets 40% After ’Deceased’ Founder Found Lounging at Home

In a twist fit for crypto’s theater of the absurd, LLJEFFY tribute coin nosedived after Zerebro’s ’dead’ CEO materialized in his living room—proving once again that in altcoins, even resurrection can’t pump a token.

The market reaction was brutal: a 40% haircut for holders who bet on the ultimate HODL narrative. Traders now left wondering if the next ’rug pull’ will involve a literal ghost.

According to DEX Screener, the solana (SOL)-based meme coin LLJEFFY, created to honour Yu’s legacy, has fallen more than 40% following the news of Yu being alive. A far cry from its previous high when the token skyrocketed as high as 2,115% after news of Yu’s livestreamed suicide began to circulate. At the moment, the token has accumulated a market cap of $2.1 million.

“If you’re reading this, it’s because my 72-hour deadman’s switch triggered, so I’m not here, at least physically,” said the Zerebro co-founder in a scheduled blog post linked to the meme coin.

“This is a legacoin, my final art piece. $LLJEFFY,” he wrote.

On the other hand, Yu’s original staple token, ZEREBRO, has been on the rise. In the past 24 hours of trading, the token has gone up by 22.3%. It is currently valued at $0.048. In the past few days the token has also suffered a similar downfall to its “legacoin” counterpart, dropping by nearly 10% in the past week and declining by 34.8% in the past two weeks.

Controversy surrounding Zerebro founder Jeffy Yu’s ‘suicide’

On May 4, Zerebro co-founder Jeffy Yu was thought to have committed suicide. A video broadcast on meme coin launch platform Pump.fun showed Yu smoking a cigarette before shooting himself in the neck. The video was then shared multiple times on social media platform X.

Two days later, Yu’s obituary was published on the memorial platform Legacy. However, many traders suspected Yu had faked his own death after on-chain data showed that his wallet was still actively making transactions.

Analytics platforms like Bubblemaps and Lookonchain revealed that the LLJEFFY deployer and associated wallets were actively trading and burning tokens after Yu’ alleged death. Not only that, but an unverified letter was found indicating that his death had been staged.

Allegedly written by Yu, the letter stated that the Zerebro founder had faked his death as he believed it was the “only viable exit from persistent harassment, blackmail, and threats.”