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The Zerebro price sank 21% in the last 24 hours to trade at $0.03655 as of 4:57 a.m. EST, with trading volume soaring 52% to $28.2 million.
This sharp drop in the ZEREBRO price comes amid swirling rumors surrounding the alleged suicide of Zerebro founder Jeffy Yu.
This is really heartbreaking to see and woke up to
zerebro ceo Jeffy Yu took is own life at just 22
This is really sad and heartbreaking
I’m always saying this, stop being toxic to people you’ve never met
Not everyone is as mentally strong as you
RIP to a bright mind pic.twitter.com/cjrLXqM2Fw
— Mellow🐞 (@Hirvingmellow_) May 6, 2025
The chaos began when a Solana token named ‘LLJEFFY’ surged over 2,100% after a now-deleted video allegedly captured Yu’s final moments, smoking a cigarette before taking his own life.
The drama intensified when a supposedly posthumous blog post, titled “This is a Legacoin,” was published, in which Yu declared:
“If you’re reading this, it’s because my 72-hour deadman’s switch triggered, so I’m not here, at least physically. This is a legacoin, my final art piece. $LLJEFFY.”
However, the hype quickly unraveled as Yu’s obituary was quietly pulled from Legacy.com after local coroners confirmed no recent deaths matching his surname, casting doubt on the entire saga.
Is this a tragic final act or just another wild chapter in the chaotic world of meme coins and what next for Zerebro?
Zerebro Price On A Sustained Bearish Trend
The ZEREBRO price has experienced a dramatic decline after peaking near $0.90, with a long-term downtrend evident from late 2024 into early 2025.
Following the steep fall, the Zerebro price action has stabilized at a low range between $0.03 and $0.05. A brief spike occurred in April, but it failed to break any major resistance levels, indicating weak bullish conviction.
The current structure resembles a long consolidation phase after a downtrend, often a precursor to either accumulation or further distribution.
Fibonacci retracement levels show that the price of ZEREBRO has failed to reclaim even the 0.786 level at $0.18100, reinforcing the weakness of recent rallies, as GeckoTerminal data shows.
Meanwhile, ZEREBRO trading below the 50-day Simple Moving Average (SMA) suggests bearish momentum still dominates.
Moreover, the Relative Strength Index (RSI) sits at 46.65, indicating neutral momentum with no immediate overbought or oversold conditions.
With no strong bullish signals from the RSI or SMAs, and the price unable to regain key Fibonacci levels, ZEREBRO is likely to remain in a sideways consolidation in the near term. If support near $0.03 fails, a further decline is possible.
However, reclaiming the $0.05 level and sustaining above the 50-day SMA could open the door to a short-term recovery toward $0.10.
Meanwhile, investors are buying a new Solana token called Solaxy (SOLX), which 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, says could soar 10x after launch.
Solaxy Presale Racing Towards The $34 Million Milestone
Solaxy, a new crypto project in its presale phase, is positioning itself as the next evolution of the Solana ecosystem.
The project aims to address Solana’s network congestion issues by implementing off-chain processing mechanisms similar to Ethereum’s layer-2 solutions. This model has already been proven successful in scaling a blockchain through platforms like Arbitrum and Optimism.
By processing transactions off of Solana’s main chain, bundling them together, and submitting them to the mainnet for final verification, Solaxy’s system enhances overall efficiency.
POV: How you'll be feeling using the L2.
Pure Bliss.https://t.co/mdaTX9aVVx pic.twitter.com/lWxfeRqVXv
— SOLAXY (@SOLAXYTOKEN) May 6, 2025
Investors are backing this idea, having already poured over $33.5 million into its blockbuster presale.
Once launched, Solaxy will also provide a platform where developers can build decentralized applications or launch new tokens without compromising Solana’s layer-1 capabilities.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001716 each. Available payment options include BNB, ETH, USDT, or a bank card.
Solaxy also offers holders who stake SOLX a huge annual yield of 120%.
Interested investors will want to buy SOLX before the next presale price hike in less than 5 hours to secure the best deal.
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