SHARPEI

DESCRIPTION OF EVENTS

"Sharpei on Solana is bringing back the proven success of the "dog meta" through a project centered on a dog-traveler-food blogger who embarks on global adventures, exploring various cultures and cuisines. It goes beyond the typical memecoin hype by incorporating real-world applications and partnerships that will create lasting value."

"Our goal is to build out brand globally, so that when people are asked to name a few tokens, they mention $SHAR alongside $DOGE, $ETH, and $BITCOIN."

"We want people who see our logo on the streets, in cafes near their homes, or in stores, to simply scan a QR code, access our website, and buy the token in two clicks using our ecosystem's technical solution - without needing to understand complicated things like exchange registration, KYC, wallet setup, or paying transaction fees."

"Additionally, we support the culture of memecoins and promote travel, which is an integral part of most people's lives today. That's why out token and its ecosystem will also work in reverse, offering not only the ability to purchase it with two clicks but also to use it to pay for travel, favorite restaurants, hotels, and much more. $SHAR isn't just a memecoin - it's a culture, an ecosystem, and a separate world."

"Sharpei is backed by a strong and highly experienced team of over 20 members across analytics, marketing, development, design, and community management departments."

"Our marketing team consists of 10 professionals who have successfully worked with other major token teams, such as Maneki. Additionally, we have outsources experts responsible for marketing on other significant tokens like $MEW, which allows us to (1) Quickly and efficiently onboard Tier 1 KOLs, Secure partnertships with other major tokens and ecosystem projects, Secure partnerships with real-world brands, Gain support from celebrities and influential figures, and Purchase advertising on popular platforms and in crypto hubs."

"The project had been promoted by crypto influencers, but hit a snag when a pitch deck for the project leaked. The deck contained multiple lies, including claims to have hired multiple "KOLs" who later denied involvement, and false claims of partnerships with various platforms and projects. As the token price stuttered along with these revelations, insiders apparently decided to quit while they were ahead, and cashed out in a quick and coordinated sale."

"We understand what everyone may be thinking right now and want to provide our response. We have genuinely built a large, remarkable project and the entire ecosystem we discussed.

We have been preparing this project for over 3 months, and everyone knows about it

However, due to the FUD, we no longer had the funds to continue operations.

We can provide proof that we communicated with every influencer represented in the pitch deck. While we never claimed to have finalized agreements with everyone, we had offers and deals from everyone on that list"

"Blockchain data visualization company Bubblemaps identified that 60% of the total token supply was bought at launch and spread across more than 100 addresses. Every single one of these addresses then sent its supply to a central wallet, which sold everything in one clip for $3.4 million. The firm confirmed to Decrypt that it would define this as a rug pull."

Sharpei is a memecoin which is centered around travel and food, with the main character being a dog that travels around to various restaurants around the world. The project claimed to have many large Tier 1 KOLs (Key Opinion Leaders) interested in promotional deals. Many of these deals had not been finalized at the time that a slide deck leaked, and the KOLs involved immediately denied their involvement in significant numbers. At this time, a large sale occurred which dropped the project market cap from $40m to $1.23m in a single operation. It appears that there was one entity involved in the sale, who had previously purchased the tokens into hundreds of separate wallets. It is unclear what relationship that entity had to the Sharpei team.

Sharpei memecoin rug pulls for $3.4 million (Nov 15)
Solana Meme Coin Sharpei Plunges 96% in Seconds in Epic Rug Pull - Decrypt (Nov 15)
@trader1sz Twitter (Nov 15)
@patty_fi Twitter (Nov 15)
https://dexscreener.com/solana/3zm5bnjvk5xpj2ckdqajq1hbqslwz6f3jzsmn5yzek1c (Nov 15)
@Solshotta Twitter (Nov 15)
@yelotree Twitter (Nov 15)

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