Jeffy Yu, the 22-year-old developer behind the $LLJEFFY meme coin, was found alive at his parents' home after a viral video suggested his suicide. This led to a massive 2,115% surge in the token's value, reaching a market cap of nearly $105 million before rapidly declining. The panic began when a video showed Yu appearing to take his own life, accompanied by a now-removed obituary that described him as a visionary artist. However, authorities confirmed there had been no death matching his profile. Following his discovery, Yu expressed distress over being doxxed and the impact on his family's life. Despite the initial excitement over the coin, it saw an 86.8% drop in value within an hour when investors realized the disconnect between the alleged death and activity from Yu’s wallet. This incident illustrates the extreme tactics some developers use in the volatile meme coin market, which has included other extreme stunts in the past.

Source 🔗