🧵 1/5: Hey everyone, we've got some tough news to share about Meme Credit Union ($MCU). The 10/10/25 crypto liquidation event hit us hard, causing major liquidations on our borrowing/lending side. This has halted our development efforts while we work on a funding package to get back on track. Bear with us during this challenging time.
2/5: Breaking it down: Our borrowing and lending operations took the biggest hit from the market-wide liquidations. Volatility spiked, and positions were wiped out faster than we could react. It's a reminder of how brutal crypto can be, but we're not down for the count.
3/5: The good news? We still have significant funds to claim, including our FTX claim and the upcoming Pump Airdrop. These will provide a much-needed boost once processed. Until then, expect things to remain stagnant as we conserve resources and focus on recovery.
4/5: To cover immediate costs and keep the lights on, we'll be selling off some of our airdropped assets: $MET, $MOBY, and $SNS. This isn't ideal, but it's necessary to bridge the gap until new funding comes in or claims are realized.
5/5: We're committed to transparency and turning this around for the $MCU community. Updates will follow as we progress. Thanks for your support—let's build back stronger!
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