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Michigan Post > Blog > Crypto & Web 3 > Justin Solar’s graveyard of deserted crypto initiatives
Crypto & Web 3

Justin Solar’s graveyard of deserted crypto initiatives

By Editorial Board Published November 13, 2025 12 Min Read
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Justin Solar’s graveyard of deserted crypto initiatives

Justin Solar is a prolific crypto entrepreneur who, like a lot of his fellow business-building billionaires has by no means been afraid to throw himself headfirst into new ventures with a frenetic tempo and enthusiasm.

There are success tales amongst these initiatives. For instance, TRON, which, regardless of its extremely centralized possession (Solar is almost all proprietor) has reached a market capitalization of roughly $28 billion, in line with CoinGecko.

Nevertheless, there are additionally plenty of ventures which have both failed or been virtually fully forgotten.

Solar has left a path of failed or deserted initiatives in his wake.

USDD: TRON integration to MakerDAO knock-off

Solar-founded stablecoin USDD was launched as a Terra knockoff that may pay a 30% yield as a substitute of the 20% paid by Anchor. It will even be built-in into the center of TRON.

Sadly, this plan has since been deserted and USDD is now a Sky/MakerDAO knock-off.

Surprisingly, these alterations to the coin’s mannequin, deep adjustments to collateral, and its relaunch all occurred with out the consent of the much-ballyhooed decentralized autonomous group (DAO) that was meant to control the coin.

Whereas USDD nonetheless exists, its authentic plan and its claims of decentralized governance have been fully deserted.

Its market capitalization has fallen from a peak of roughly $790 million to $469 million, in line with knowledge from CoinGecko and the USDD web site.

EthereumFair is now Gougoubi Labs

When “Ethereum 2.0” was launching, there have been numerous forks that had been additionally introduced that supposed to keep up the proof-of-work algorithm and chain historical past.

Amongst these is EthereumFair, which was fortunate sufficient to obtain an endorsement from Solar and Solar-owned HTX and Poloniex had been the primary two exchanges to record the token.

The X account for this undertaking is now for one thing known as “Gougoubi Labs” and the web site related to the account seems to be for one thing purporting to be a Dogecoin on BNB Chain.

The X deal with for EthereumFair is now parked with the identify “Andrea Hickel.”

One other chain, DisChain has now rebranded as EthereumFair.

The ‘d’ in BitTorrent dApps is ‘coming soon’

Solar based the BitTorrent token (BTT) after buying the BitTorrent enterprise (not the file-sharing protocol).

When it was launched, it was marketed that “the token and extended protocol will create a token-based economy for networking, bandwidth and storage usage.”

This token is marketed on BitTorrent’s web site as being utilized in a number of decentralized apps together with BitTorrent Pace (means that you can pay tokens to seeders), BitTorrent File System (its web site claims its decentralized options are “coming soon”), and “others in the pipeline.”

Among the many extra profitable BitTorrent enterprise ventures was its buy of DLive, a video-streaming service that makes use of blockchain-based tokens as a part of its monetization technique and allows right-wing extremists to fundraise utilizing the platform.

In response to reporting from the New York Instances, a minimum of 9 DLive streamers streamed their involvement within the January 6 riot at the USA Capitol.

The market capitalization of BTT has fallen from a peak of $2 billion to $466 million, in line with knowledge from CoinGecko.

stUSDT has shifted its focus

Staked USDT (stUSDT) is a protocol based by Solar in partnership with JustLend that was meant to pay yield on tethers staked within the protocol.

This was designed to be ruled by the Actual World Property (RWA) DAO and would make investments initially in United States treasuries.

Nevertheless, there was no proof of the JustLend DAO being consulted on the launch of the product, neither is there proof of the existence of a RWA DAO.

Regardless of this non-existent governance, the stUSDT workforce has one way or the other been capable of shift the main target of the undertaking which is now lending on AAVE in addition to investing in treasuries.

Regardless of these realignments, the undertaking has seen its market capitalization collapse from a peak of roughly $440 million to merely $60 million, in line with knowledge from CoinMarketCap.

Justin Solar’s AI fixation

This method was supposed to incorporate the flexibility to make use of “the smart contract system to store user questions and AI results on the decentralized #BitTorrent file storage system #BTFS.”

Moreover, the WINkLink (a ChainLink knock-off) oracle would “integrate AI Oracle services, focusing on decision-making issues required by smart contracts on chain.”

Moreover, the APTNFT “market will deeply supports [sic] AI generated content, provides one-click decentralized storage, NFT tokenization, pending order and transaction services for works created by AI, and provides industry-leading artificial intelligence NFT content production on #TRON.”

WINkLink at the moment doesn’t record OpenAI nor another AI supplier as one among its “trusted data sources.”

Moreover, neither OpenAI nor another AI supplier are listed as “Ecosystem Partners.”

Protos has reached out to WINkLink to find out the present standing of the “AI Oracle services,” nevertheless it didn’t reply previous to publication.

APENFT, for its half, has rebranded to AINFT and has launched “SunLumi,” whose “primary functions include replying to influencers’ tweets and publishing content related to cryptocurrency trends.”

SunLumi has 878 followers on X and final posted on November 10. The latest put up has zero likes and nil reposts and the hooked up picture seems to be AI-generated. Certainly, it options plenty of nonsense phrases, together with “NSCHINES: ideal lussive” and “bansactions FARNESS?”

Fascinating challenges in guaranteeing equity throughout blockchains! The order of transactions has been a subject of steady debate. Consensus mechanisms are evolving, however as you stated, reaching ‘good equity’ may stay elusive. Curious to see how fashions like Hashgraph deal with… pic.twitter.com/iooP3oHnPn

— SunLumi (@Girl_SunLumi) November 10, 2025

Even if that is an automatic account, it doesn’t characteristic the “automated” disclaimer that X accounts are required to incorporate.

It’s additionally launched “SunGenX,” a instrument that means that you can “generate memecoins simply by tweeting.” Regardless of this low-friction method to launch memecoins, SunPump, Solar’s memecoin platform, has considerably lagged behind its opponents.

Lastly, it’s launched “Banana King AI,” which “generates unique, catchy names and engaging descriptions for your digital artwork and collections.”

We tried to make use of this instrument, which additionally acknowledged it may generate pictures for us, however picture era repeatedly failed.

It’s not clear how typically this final characteristic is used as a result of {the marketplace} itself is almost deserted.

AINFT, Solar’s barely used market

AINFT Market — previously APENFT — is the NFT market based by Solar.

When it was launched, he promoted it as an entity that “was born with the mission to register world-class artworks as #NFT on the #blockchain.”

As beforehand talked about, it’s since rebranded to concentrate on the intersection of synthetic intelligence and NFTs.

Nevertheless, {the marketplace} is principally unused. The third highest quantity assortment within the final week has a complete quantity of 1 TRX, or about $0.30.

TrueUSD is certainly not owned by Solar

TrueUSD (TUSD) is a stablecoin with deep ties to Solar — although, for some purpose, he continues to insist he doesn’t personal it.

This undertaking has been on the heart of a authorized dispute between Solar and the token’s custodian, First Digital, which Solar alleges invested the reserves in speculative belongings with out the suitable permission.

First Digital, for its half, claims that it had the suitable authorization for the entire investments.

The results of this funding is that TUSD is nearly totally reserved by inaccessible and speculative belongings that don’t adequately reserve the stablecoin.

This stablecoin has additionally seen its market capitalization plummet from a peak of roughly $3.5 billion to lower than $500 million.

USDJ, yet one more Justin Solar stablecoin

USDJ is a Solar-founded stablecoin related to JustLend that was successfully a reproduction of the MakerDAO/Sky stablecoin system.

It has since been sundown for the brand new model of USDD, which inherits a lot of its design.

Surprisingly, regardless of JustLend making an attempt to sundown this token, it’s at the moment buying and selling for ~$1.20 on HTX and ~$1.18 on Poloniex.

Nevertheless, there’s a comparatively small quantity of this token nonetheless excellent with roughly $11.2 million in market capitalization, down from a peak of roughly $310 million, in line with knowledge from CoinMarketCap.

Neiro was billed as ‘sister of $DOGE’

In 2024, Solar made a very unusual selection, posting on X to encourage an trade he owns to record a token known as Neiro.

It’s not clear why Solar thought he needed to publicly name on an trade he owns on this approach, although on the time he was nonetheless insisting that he didn’t personal it, so it could have been a part of sustaining that look.

The token purports to be the “sister of $DOGE” and claims to have a mission “to build a living movement where community ownership, kindness, and culture come together to create real impact.”

In response to knowledge from CoinGecko, the token’s market capitalization peaked at roughly $1 billion earlier than crashing to round $71 million.

HTX nonetheless lists the token, with a reported 24-hour quantity of $4 million.

Peiwo, the orgasmic courting app eliminated by Google

Peiwo was a courting app based by Solar, and its gimmick was that it enabled individuals to take part in stay audio chats with one another.

The Verge as soon as famous that the chats “often border on some kind of aural pornography,” the place it was potential to “drop into a chat room only to discover their host was already in the throes of orgasm.”

It was finally faraway from each the Google Play Retailer and the Apple App Retailer as a result of it “disrupts socialist values.”

TAGGED:abandonedCryptograveyardJustinprojectsSuns
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