Rapper Ty Dolla $ign mistakenly burned $500,000 worth of SUNDOG tokens, only to be rescued by TRON founder Justin Sun.
The incident began when Ty Dolla $ign expressed curiosity about meme coins on X.
The rapper tweeted, âWhatâs up with all these memecoins, tho?â He stated that he keeps hearing about them everywhere and wanted to understand whether itâs all hype or whether people are really making money off the hype.
Ty Dolla $sign buy half a million of SUNDOG
On October 5, Ty$ tweeted,âwhat if he drops $500k on a meme coin.â This eventually led to a $500,000 investment in SUNDOG tokens by the rapper today.
The rapper also tweeted about his purchase with the transaction details. However, the rapper accidentally sent the funds to the contract address. As expected, the transaction burned the rapperâs entire SUNDOG bag.
Yo, where my $SUNDOG at? I sent it to my TRX address and it ainât showing???https://t.co/zpCAroAon3
â TyDolla$ign (@tydollasign) October 8, 2024
Shocked by the error, Ty Dolla $ign turned to crypto X for help, asking, âSo itâs gone?? What am I supposed to do now?â Â
A few X users started tagging Tron founder Justin Sun below his tweet, which definitely caught Justinâs attention.
Justin Sun intervenes and compensates
Justin Sun came to the rapperâs rescue. Sun tweeted, âDonât worry, Iâve got you covered. Sent you $500K TRX so you can get back in the game.â
TRON founder fully compensated Ty Dolla $ign for his loss with an equivalent amount in TRX.
Justin Sun you a real one for this
Putting that RIGHT BACK into SUNDOGâïžđhttps://t.co/uTmtZDLLvT@SUNDOG_TRX @justinsuntron https://t.co/A8dIQZDDCZ
â TyDolla$ign (@tydollasign) October 8, 2024
Grateful for the gesture, Ty Dolla $ign responded, âJustin Sun you a real one for this Putting that RIGHT BACK into SUNDOG.â Ty$ then bought SUNDOG with the TRX that Justin sent him.
SUNDOG is a TRON-based meme coin that has a market cap of $255 million at press time. The coin has pumped by over 500% since its all-time low in August. SUNDOG is now trading at $0.2557 with a 7% surge in the last 24 hours.
However, not everyone has Ty$âs luck to be compensated for accidentally burning their tokens. This is why itâs critically important to double-check an address before moving funds.