JustOneSui Sui Meme Presale Scam: 4,700 SUI Rug Pull
A report on X says the Sui ecosystem has been hit by the “JustOneSui” Meme coin presale scam. The project claimed users could deposit 1/11/111 SUI to receive a token “airdrop” after listing.
The key red flag was the collection wallet’s first payment: it came from Sui co-founder Adeniyi (@EmanAbio) sending 1 SUI (~$1) as a small tip. The scammers allegedly framed this unrelated interaction as “official backing,” building trust and drawing deposits from 700+ wallets.
In total, the JustOneSui scam raised about 4,700 SUI. When the team was supposed to distribute tokens, it reportedly offered no legitimate claim mechanism and instead dumped tokens to zero value, then disappeared.
After the rug pull, community member @YoBooogie reportedly self-funded a token top-up for victims based on on-chain transfer records and added liquidity support. During the rescue, the alleged scammers even attempted to extort a 200 USDT “ransom,” but failed.
Researchers @MindfrogCrypto summarized the lessons: founder/account interactions are not proof of safety, presales do not eliminate smart-contract risk, and Meme investing remains high-variance without formal guarantees.
JustOneSui also reignited wider debate on how “official-looking” narratives can be weaponized in Sui Meme presales, and why creators/foundations often avoid public support.
Bearish
This news is bearish for near-term trading sentiment because it’s a textbook presale rug pull with a concrete on-chain footprint (about 4,700 SUI stolen from 700+ wallets) and a “fake official backing” tactic. When similar incidents hit (e.g., past high-profile meme presale scams on various L1s), traders typically pull back from new presales, bid less aggressively on unverified launches, and demand stronger verification—often compressing liquidity and increasing volatility around Sui Meme narratives.
Short term: expect slower inflows into Sui presales, more whitelisting/contract checks, and faster profit-taking after listings due to heightened skepticism.
Long term: repeated rug pulls tend to strengthen market norms (auditing, better vesting/claim mechanisms, community transparency). That can eventually stabilize legitimate projects, but the credibility hit usually lasts longer than the individual event. For traders, the practical takeaway is to treat “official-looking” interactions as non-authoritative, prioritize claim-contract verification and liquidity/vesting terms, and size positions smaller until a presale survives first-week distribution.