Justin Sun saves the day after Ty Dolla $ign accidentally burns $500k worth of SUNDOG

American rapper Ty Dolla $ign accidentally burned $500,000 worth of SUNDOG tokens when he made a transfer to the wrong Tron address, but moments after Justin Sun sent the money back to the American rapper.

Ty Dolla Sign said that he sent 1.6 million SUNDOG (SUNDOG) tokens to his Tron (TRX) wallet on his X account on October 8, but detected that the tokens did not arrive. Upon closer examination by X users and crypto.news, it was revealed that the rapper had mistakenly transferred to his contact address and not to his TRX wallet.

In his previous tweet, the rapper had purchased the Tron meme token for $500,000, but lost it a few hours after the purchase due to an error in sending the funds to the wrong crypto wallet.

“So he left? What should I do now? wrote the rapper X.

Many netizens under the post tried to explain to the rapper what happened to his SUNDOGs, with some even suggesting he should have purchased Shiba Inu tokens instead. However, it was not possible to recover the lost SUNDOG tokens.

But just minutes after crypto entrepreneur and SUNDOG ambassador Justin Sun returned the funds.

In the days before the tragedy, Ty Dolla $ign joked that he questioned the “hype” behind meme coins.

“What about all these memecoins? I keep hearing them everywhere. “Is this all an exaggeration or are people really making a living out of this?” he said.

Ty Dolla $ign then said he wanted to “drop 500k on meme money,” to which boxer Ryan Garcia quickly responded: “Bet on Sundog. Some mob cult meme hahaha.” Thus leading to the rapper a significant loss of 1 million Sundog tokens.

Ty Dolla Sign isn’t the first public figure to get burned after trying to buy cryptocurrency.

In March 2024, the anonymous creator of the so-called Slerf memecoin accidentally burned $10 million worth of SOL tokens collected from liquidity providers and tokens earmarked for airdrop.

He admitted that it was a “mindless misclick” in which the developer tried to burn some tokens using Solana’s web tools.

Another major crypto burn happened to NFT collector Brandon Riley, who accidentally destroyed $129,000 worth of CryptoPunk while trying to create a proxy wallet in March 2023.