Complex meme coin project halted due to mental health concerns of the team following harassment incidents. SIMPLE token value dropped over 90 percent following the project shutdown announcement. ZachXBT refused to help Complex token holders, emphasizing the risks of speculative meme coin investments.

Meme coin announces closure, price collapses!

The Complex meme coin team officially announced the end of the project for an interesting reason. The team cited concerns over the mental health and well-being of team members due to recent incidents of harassment. Investors of meme coins on the Base Blockchain are also disappointed and at a financial loss. It’s worth noting that the project was recently launched. Complex’s developers released a heartfelt farewell message marking the end of their journey with meme coin. They stated that although the project was a source of inspiration and commitment, it could not continue due to the “hostile environment” caused by the harassment incidents.

The statement emphasized the team’s commitment to making mental health a priority and creating a respectful and inclusive environment. As a result, the value of the project’s native token SIMPLE has dropped significantly. The token has lost more than 90 percent in the last twenty-four hours. Thus, causing concerns among investors and the general crypto community

SIMPLE price chart. Source: Tradingview

Community reaction and criticism

The closure of Complex sparked reactions on different social media networks. Accordingly, many users expressed their anger and frustration. Many criticized the developers for citing mental health concerns as a reason for the shutdown. Some said it was an inadequate or unconvincing justification. This created a division within the community. Some called the developers opportunists for abandoning the project and its investors in the name of health concerns.

ZachXBT rejected the meme coin community’s request for help!

Some victims have sought the help of ZachXBT, one of the Blockchain detectives in the space, to find a way out, which could be some form of recourse or intervention. However, ZachXBT has flatly refused to offer assistance to those affected by the closure of the Complex project. He explained his position with an argument that it was not right to spend resources on what he saw as voluntary participation in meme coins, a high-risk, low-matter investment.

His reaction underscores a more general distrust of meme coins in some segments of the crypto community. Cryptocoin.comAs you have been following from ‘As you have been following from ‘As you have been following from ‘As you have been following from ‘As you have been following from ‘As you have been following from ‘As you have been following from ‘As you have been following from ‘As you have been following from ‘As you have been following from ‘As experts consider these projects speculative and risky.