Hypos NFT Is A Rug Pull? How The Solana Goddess Misplaced Her Grip

Allegedly, Hypos NFT is a rug pull, in accordance with the expectant holders. The founder, jacidotsol, also called “Solana_Goddess” is outwardly liable for the fund withdrawal. Some holders are shocked and appalled whereas others have defended her. In the meantime, another Solana ecosystem customers discovered it to be unsurprising. However what the hell occurred actually?

NATEDOGG VS JACIDOTSOL HYPOS NFT — With no phrase from Hypos NFT, its future appears unsure

Did Hypos NFT really rip-off its holders?

Presently, it’s troublesome to say with conviction. Twitter person and self-proclaimed Solana “alpha caller” NateDogg released a thread to clarify the scenario. However let’s focus a the info.

Firstly, the final submit on its Twitter account was over a month in the past. On this submit, Hypos promised “extra particulars within the coming days”.

Hypos will quickly develop into a deflationary mission, burn x quantity of hypos and obtain [Redacted]

Needs to be attention-grabbing.

Extra particulars within the coming days 👀

Don’t sleep….

— Hypos 🦛 (@HyposNFT) October 25, 2022

Nevertheless, just some days earlier than that, on the 21st of October, the group additionally promised a staking mechanism and a brand new web site.

promises from hypos moderators on discord saying staking and a website would go live in less than a week — Guarantees from the group went slightly additional than the fact

With no outcomes every week later, the FUD began rolling in. Allegedly, the discord was filled with holders complaining about damaged guarantees. Shockingly, the holders solely obtained radio silence. Whereas the group claimed staking would launch in simply 2-Three days, every week later it was beginning to look unlikely.

screenshots from hypos nft of solana angry about jacidotsol or the solana goddess who did not launch staking in time. — Sadly, the mission couldn’t sustain with its roadmap

Understandably, indignant messages flooded in and members of the Hypos workers turned to the NFT mission’s founder, jacidotsol. Nevertheless, from that second on, apparently, the workers obtained no information both. One workers member claims she ignored them for Three and a half weeks after requesting cost. One other says they had been given one-worded responses after which ignored once more. In accordance with them, neither have entry to any of the mission’s wallets.

screenshots of staff talking about their lack of payment — It’s not simply the NFT holders searching for their a refund, it’s the workers too.

So, what concerning the cash?

The Hypos NFT Assortment dropped on the 17th of October, 2022. Regardless of the bear market, it offered out in round 5 hours. Every Hypos NFT was 0.1888 SOL. In accordance with NateDogg, the mission made round $52,690 or 1,678 Sol in web revenue.

Then that is the place it will get shady. Allegedly, the mission began transferring cash out of the contract. And never into someplace secure like a {hardware} pockets. As a substitute, it appears the founder was cashing out a major quantity of the mission’s funds by way of Coinbase accounts. Now, a grand complete of 887 SOL (over $13,000) has been cashed out to exchanges to date.

What’s subsequent for jacidotsol?

Firstly, the “Solana Goddess” clapped again at NateDogg for his damning thread. She acknowledged, “First they paint a false narrative; then they pray on your downfall. I’ve all the time been an underdog and can proceed to show individuals flawed”.

However NFT Twitter had some conflicting opinions. Many made certain to say this isn’t the primary shady mission jacidotsol could have been concerned in. When confronted with questions on Hypos NFT, the Solana Goddess batted the FUD away fairly nonchalantly.

It’s not a rug. I’m nonetheless right here. I’ll submit a thread about what’s taking place quickly

— Jaci.Sol / Jacidoteth 👑 (@jacidotsol) November 27, 2022

Whereas the way forward for Hypos is unclear, so is the way forward for SOL. Sadly, with its worth down 90%, the elephant within the room is whether or not Solana will even make it by the bear market. Plus, if it doesn’t, the NateDogg vs Solana Goddess feud won’t sound so vital.