CTO $AKI BACK FROM THE DEAD – July 21

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On July 21st, the $AKI project was compromised when the original developer and artist abruptly abandoned the project and liquidated their remaining tokens. This was an unexpected and disappointing outcome for many community members.

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Rubtoe’s Involvement and Perspective

Rubtoe first discovered $AKI on July 14, when it was shared by a trusted source on X. At the time, the project was pre-bonding with a market cap around $10K. While not typically active in early-stage pre-bond projects, the combination of the PFP art and the $AKI ticker caught his attention. With the highly anticipated $IKA TGE on the horizon, Rubtoe believed $AKI had potential to ignite a wave of meme activity within the Sui ecosystem and attract new users from outside chains.

After bonding, $AKI quickly reached an all-time high of $80K MC before facing two major sell-offs. The developer publicly placed blame on community moderators @SlushCalls and @SuiGemCalls. However, it later became clear the developer had been orchestrating an exit and ultimately dumped the remaining supply—despite still holding 3–5% of tokens locked for two months.

In hindsight, Rubtoe acknowledges that he should have conducted more thorough due diligence on the team behind $AKI. He had already publicly attached his name to the project, believing in the dev’s narrative. Before the developer vanished and deleted their accounts, Rubtoe offered to take over leadership of the project in exchange for access to the creator wallet and promised to only compensate the original developer for the artwork. That trust was misplaced, and it's a valuable lesson for him as he gains more experience in this side of crypto.

Rubtoe did not sell any of his tokens—even during the project’s downturn—and even offered to reimburse friends who incurred losses. Fortunately, a significant portion of his $AKI position was acquired pre-bond. Rubtoe now intends to assume control of the project and lead it forward.

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The Transition Plan

On the day the developer was expected to hand over control, they instead rugged the dev wallet but left Rubtoe with Telegram admin access and delegate rights on X. This allowed Rubtoe to preserve the $AKI community and Telegram group.

Importantly, the developer’s remaining supply is locked on Moonbags for two months, restricting immediate sell pressure. Rubtoe and aligned supporters, including larger holders, are prepared to support the chart if additional sell-offs occur.

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Key Wallets

• Creator Wallet:
  0x70fab326fd16f5019fde1d0679d43227d37022b622df60039d6ad308bea17b04

• "Special Collection" Artist Wallet:
  0x80794a184f7a6ba6542b063b803ac61665acd2931e2c87eea8204c33866064d7

• Rugged/Farming Wallet:
  0xfae00762700ca271451f02486200cd4b994766ab27cbd35e485aab93f60ce6d9

• Wallet Receiving Rugged Funds:
  0xba820ff73c4c002d8aa075f454b1a7d15d3542fd26b427602612816b3252e110

• Rubtoe’s Wallet:
  0xeb889f4054032b75a9e80e8cf997d3bce5abeaf3397a0922e5e2768798624dff
  (rubtoes.sui + bill.sui)

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Moving Forward with Purpose

Rubtoe is fully aware that due to Moonbags mechanics, the creator wallet will still earn trading fees (working w/ moonbags to see if we can fix). However, he is not here for personal gain. All of his allocation will be redirected to the treasury wallet (akikun.sui), with 50% still locked on rubtoes.sui. His goal is to lead the project with a 12-month roadmap focused on growth, stability, and culture.

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This challenge has sparked a new vision—one that may not have emerged without the adversity. The $AKI ticker and PFP artwork continue to inspire Rubtoe, and he’s committed to building a brand from the ground up. As an experienced visual artist, he plans to use this opportunity to create engaging multimedia content across social platforms that expands Sui’s reach beyond crypto-native audiences. This includes animations, edits, and storytelling that can attract new users and support both $AKI and $IKA ecosystems.

Once the $AKI brand is stable and self-sustaining with a solid team in place, Rubtoe intends to transition into launching a project entirely from scratch, carrying forward the insights and experience gained here. To protect the treasury and future of the project, any funds will be locked with timed releases via contract, ensuring no single party can misappropriate them.

While the original developer had malicious intent, Rubtoe believes this community and its vision deserve better. He is stepping up to rebuild $AKI—not for hype, but for culture.