Crypto Streamer Accidentally Sells Own Token Causing 99 Percent Market Crash
A momentary slip by crypto streamer Gainzy sparked chaos for his own Pump Fun token, gnzystrm, wiping out almost its entire market value in seconds.
Gainzy says he accidentally hit “sell” while handling his phone, sending the token’s market cap plunging from $4.6 million to just $12,000 before it partially recovered to around $2.2 million.
How A Simple Click Turned Into A Major Loss
Gainzy described the incident live on stream, admitting it wasn’t a hack or sabotage.
“I watched in real time as the chart nuked fully cognizant my finger slipped and now I’m waiting to hear how much $ this shit is gonna cost me to fix.”
Seconds after the sell-off, he turned to social media, posting a single-word reaction:
“FUCK.”
The mishap is known in crypto circles as a “fat-finger event,” a term for when a single misclick triggers an unintended and dramatic sell-off.
Gainzy insists the loss was accidental, though some observers remain sceptical.
Crypto security firm Arkham questioned the veracity of his account, leaving parts of the community doubtful.
Recovery Efforts Underway With Pump Fun Team
Following the meltdown, Gainzy revealed he is working alongside Pump Fun CEO Alon Cohen and the team to repair the damage.
He stressed that he will not announce a public buy-back attempt to avoid being front-run by opportunistic traders.
During an emergency stream, Gainzy even joked about not resorting to extreme measures, saying he wouldn’t cut off his finger as reparation.
Despite the dramatic drop, the slip-up did result in a personal gain of $168,000 for Gainzy, highlighting the unusual dynamics of high-risk, low-liquidity crypto tokens.
Holders of gnzystrm are now left waiting to see if the token can regain stability after one of the most severe self-inflicted crashes in recent memecoin history.
Is The Story Fully Believable?
While Gainzy insists the crash was an honest mistake, sceptics question whether there could be more to the story.
Arkham’s doubts echo a wider sentiment among crypto enthusiasts who remain wary of unexplained market events, particularly involving high-profile figures in the memecoin space.
Gainzy, who previously had to flee Israel amid Iranian airstrikes and was once mistaken for an unrelated criminal, remains a polarising figure in the community.
This latest incident adds another dramatic chapter to his unpredictable presence in crypto markets.