Public blockchain Solana’s meme coin project $LADYF announced the token contract this afternoon (22nd), but it was revealed that some people were able to buy in advance. Some people only spent 0.5 SOL (90 USD) and made nearly 800,000 USD.
(Previous Summary:
Meme coin SLERF raised 50,000 SOL and “accidentally burned it all,” founder apologizes: “I’m ready to go to jail”… token skyrocketed)
(Background:
BOME sparked the “Solana entrepreneurship trend,” KOLs collectively warned: be careful of being scammed, pay attention to risks!)
Solana’s recent meme coin, BOME, has sparked a wave of meme coin issuance similar to ICOs. Various projects have started public fundraising, attracting crazy pursuit from the community. In this context, the meme coin project $LADYF also announced on the 18th that its new meme coin, Milady Wif Hat, has started pre-sale and raised more than the expected amount in a short period of time.
Originally, LADYF planned to return 75% of the additional funds raised to investors and allocate 25% to the liquidity pool. However, perhaps fearing a backlash from users, they announced that they would refund all excess funds 100% and distribute the tokens directly to participants, causing the community to exclaim, “What a grand gesture!”
Plot twist: Rat warehouses buy in advance
Unexpectedly, the plot took a big turn. When the official announcement of the token contract was about to be made this afternoon (22nd), the community discovered that some people were able to buy in advance. According to on-chain data, a user (address: G95..) spent only 0.5 SOL (about 90 USD) to purchase 2.89 billion $LADYF tokens at the time of $LADYF token release.
Less than two seconds later, the user sold 1.73 billion $LADYF at a price of 6 SOL. In subsequent transactions, the user sold 57 million $LADYF at a price of 1,522 SOL (about 274,000 USD). Currently, the user still holds 58.7 million $LADYF, valued at about 287 SOL (about 516,000 USD), making nearly 800,000 USD in a short period of time.
What is even more questionable is that the project provided liquidity on the decentralized exchange Raydium for only 1 SOL, and with many addresses buying in advance, the community is very dissatisfied, believing that the project is clearly trying to rip off retail investors.
Community KOLs criticize $LADYF
$LADYF experienced a sell-off from the holders who bought in advance at the opening, and the current price is at 0.00008314 USD, a drop of over 97% from the all-time high.
LADYF|Source: Dexscreener
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