Recently, a new meme coin called Capybara Lulu (CTO version) launched on Solana. The project's CTO is reportedly the same S big shot who has previously made waves on the Solana chain. Everyone in the circle knows this person is highly experienced in market making, with solid skills in both pumping and controlling the market.

However, the things the project team has encountered in the past few days are truly outrageous. First, a couple of days ago, some overseas users claimed they were victims of extortion. Then yesterday, there was a doxxing (privacy leak) incident, throwing the community into chaos. Now, some people suspect there might be more to these events than meets the eye—with the timing being so coincidental, right before the project was about to make some big moves.

To be honest, only an IP like Lulu can withstand this kind of media onslaught. As for whether there’s actually a coordinated scheme targeting the project, it’s still unclear, but the market is never short on conspiracy theories. For those getting involved in such early-stage meme projects, it’s wise to stay vigilant—pay close attention to the team’s background, fund flows, and community atmosphere.