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ChainCatcher reported that Aether Games has officially announced the cessation of its operations. In a statement released on its social media platforms, the project team explained that despite various efforts and adjustments, they were unable to attract a sufficient player base to sustain the project. The team admitted that the TGE (Token Generation Event) was a turning point, as many deals with KOLs, partners, and advisors turned out to be dishonest, resulting in significant financial losses. In addition, major exchanges, including a certain exchange, have issued risk notifications regarding the delisting of AEG tokens, making it impossible for the project to continue. Aether Games also pointed out that the high costs, complexity, and security risks of the crypto gaming market were key factors in their failure. Recently, the project faced multiple hacking attempts, one of which was successful and affected some users. To prevent further scam risks, the official team has decided to close the Discord community. In their farewell letter, the team advised future project developers to consider small-scale fair fundraising and focus on DEX liquidity, rather than relying on expensive promises and unstable partnerships.

According to ChainCatcher, monitored by GMGN, the Meme coin PIPPIN on the Solana chain has surged against the trend, with a 24-hour increase of 26%. Its market capitalization once reached 450 million US dollars, setting a new all-time high. The current market cap is reported at 440 million US dollars, with the current price around 0.44 US dollars. ChainCatcher reminds users that Meme coin trading is highly volatile, often relying on market sentiment and hype, and lacks actual value or use cases. Investors should be aware of the risks.