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Hypos NFT is a blanket statement? How the Solana Goddess lost her grip
Allegedly, Hypo’s NFT is a cover-up, according to the expectant holders. The founder, jacidotsol, also known as “Solana_Goddess” is apparently responsible for the fund’s withdrawals. Some owners are shocked and horrified while others have defended her. Meanwhile, some other solana ecosystem users found it unsurprising. But what the hell really happened?
Did Hypos NFT actually defraud its holders?
At present, it is difficult to say with conviction. Twitter user and self-proclaimed Solana “alpha caller” NateDogg has released a thread to explain the situation. But let’s focus on the facts.
First, the last post on their Twitter account was over a month ago. In this post, Hypos promised “more details in the coming days”.
Hypos will soon become a deflation project, burn x amount of hypos and receive [Redacted]
Should be interesting.
More details in the coming days 👀
Don’t sleep…
— Hypos 🦛 (@HyposNFT) 25 October 2022
But just a few days before that, on October 21, the team also promised a betting mechanism and new website.
With no results a week later, FUD began to roll in. Reportedly, the dispute was full of proprietors complaining about broken promises. Shockingly, the holders only got radio silence. While the team claimed the strike would start in just 2-3 days, a week later it started to look unlikely.
Understandably, angry messages poured in and members of the Hypos staff turned to the NFT project’s founder, jacidotsol. But from that moment on, the staff apparently received no news either. One employee claims she ignored them for 3 and a half weeks after requesting payment. Another says they were given a formulaic answer and then ignored again. According to them, none of them have access to any of the project’s wallets.
So, what about the money?
Hypos NFT Collection dropped on October 17, 2022. Despite the bear market, it sold out in about 5 hours. Each Hypo’s NFT was 0.1888 SOL. According to NateDogg, the project turned around $52,690 or 1,678 Sol in net profit.
Then this is where it gets shady. Allegedly, the project started moving money out of the contract. And not in a safe place like a hardware wallet. Instead, it appears that the founder disbursed a significant amount of the project’s funds via Coinbase accounts. Now a total of 887 SOL (over $13,000) has been paid out to exchanges so far.
What’s next for jacidotsol?
First, “Solana Goddess” clapped back at NateDogg for his damn thread. She stated, “First they paint a false narrative; then they pray for your downfall. I have always been an underdog and will continue to prove people wrong.”
But NFT twitter had some conflicting opinions. Many made sure to mention that this is not the first shady project jacidotsol may have been involved in. When the Solana goddess was confronted with questions about Hypo’s NFT, FUD brushed it off rather nonchalantly.
It’s not a blanket. I’m still here. I’ll post a thread about what’s going on soon
— Jaci.Sol / Jacidoteth 👑 (@jacidotsol) 27 November 2022
While the future of Hypos is unclear, so is the future of SOL. Unfortunately, with its value down 90%, the elephant in the room is whether Solana will make it through the bear market at all. Plus, if it doesn’t, the NateDogg vs Solana Goddess feud might not sound all that important.
