Categories: MarketsMenafn

Justin Sun Prevents Huge SUNDOG Loss

Rapper Ty Dolla $ign accidentally burned $500,000 worth of SUNDOG tokens, but Justin Sun intervened to restore the funds.

According to a Lookonchain report on Oct. 8, American rapper Ty Dolla $ign accidentally burned 1.6 million SUNDOG tokens worth $500,000 after making an incorrect transfer on the Tron blockchain. The tokens were intended for his Tron wallet, but he mistakenly sent them to the contract address instead.

Following the loss, the rapper immediately took to X to express his frustration.

Justin Sun Restores Burned SUNDOG Tokens

Ty Dolla $ ign’s initial posts indicated that he had just purchased the meme coin, spending $500,000 on SUNDOG tokens, only to lose it due to the wallet error. Crypto enthusiasts flooded the comment section, attempting to explain what happened.

Several suggested alternative meme coins, such as Shiba Inu, to replace the loss, but none offered a solution to retrieve the burned tokens.

However, crypto entrepreneur and Tron founder Justin Sun, who also acts as an ambassador for SUNDOG, stepped in to resolve the situation for the rapper. Sun restored the Ty Dolla $ ign’s lost tokens by returning the equivalent value to his Tron wallet.

This immediate action saved Ty Dolla $ign from his costly mistake. The event occurred days after the rapper expressed skepticism about meme coins, calling them hype-driven.

However, after some banter on X, boxer Ryan Garcia encouraged him to buy SUNDOG, which the rapper obliged before facing an unexpected technical setback.

Public Figures and Crypto Mishaps

Ty Dolla $ign isn’t the first public figure to suffer a loss through a blockchain mishap. In March 2024, an anonymous developer behind the Slerf memecoin accidentally burned $10 million worth of Solana tokens (SOL) due to a mis-click during a token-burning event.

Also, NFT collector Brandon Riley inadvertently destroyed a $129,000 CryptoPunk digital collectible while trying to set up a proxy wallet in 2023.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

Synapse Power Opens Contributor Access to Build the Future of Decentralized AI Compute

Synapse Power invites global participants to contribute computing power to its GPU network—powering the next…

2 hours ago

Franklin Morgan & Associates Successfully Represented in DIAC Arbitration for $113M Award

New York, NY, 1st August 2025, Franklin Morgan & Associates is proud to announce that…

13 hours ago

Mint Miner Launches XRP Cloud Mining Contracts, Opening a Low-Entry, High-Yield Model

New York, USA, 1st August 2025, ZEX PR WIRE, Mint Miner, the world’s leading intelligent cloud mining…

13 hours ago

Moonshot MAGAX Presale Goes Live — Built for Virality, Fueled by Community

California, USA, August 1, 2025, After months of building behind the scenes, Moonshot MAGAX  is…

13 hours ago

Find Mining Rises to the Trend: A Mass Mining Revolution in the $4 Trillion Market

Combining cloud computing with artificial intelligence, Find Mining delivers a secure, efficient, and transparent way…

13 hours ago

XRP has surpassed the $3.60 mark, and Ripplecoin mining allows holders to easily cash in their daily gains.

XRP Enters a Key Breakout Window; Ripplecoin Mining Helps You Start a Crypto Cash Flow…

13 hours ago