The meme coin “Less Fees & Gas (LFG)” for Ethereum users was launched on the Solana blockchain yesterday evening. Anyone who has spent a cumulative gas fee of more than $4,269 on the Ethereum ecosystem can claim it for free.
Since the second half of last year, the public chain Solana (SOL) has attracted a lot of attention in the cryptocurrency market, with its “high TPS” and “low gas fees” being highly praised by users. Yesterday evening, the meme coin “Less Fees & Gas (LFG)” for Ethereum users was launched on the Solana blockchain, and anyone who has spent a cumulative gas fee of more than $4,269 on the Ethereum ecosystem can claim it for free.
According to the official website, LFG has a total token supply of 1 trillion, and the official plan is to distribute approximately 400 billion LFG tokens to around 387,000 eligible wallet addresses. Qualified wallets need to claim their LFG tokens within one month. Any unclaimed LFG tokens after the deadline will be burned by the official team. After the first airdrop, LFG plans to implement a second airdrop, focusing on users who participated in liquidity provision (LP) and claimed the first airdrop.
According to Dune statistics, more than 33,959 Ethereum users have already claimed the free airdrop. Many NFT players who participated in the Bored Ape Yacht Club land minting and paid high gas fees (over 4,000 Gwei) have become recipients of the LFG airdrop. Just when everyone thought it was just a meme coin on Solana, they were surprised to see Solana co-founder Toly’s reply with a dragon emoji to the official tweet of LFG. As a result, LFG surged more than 50%.
It is actually a project by Multicoin?
When the reply from Solana co-founder was discovered, the market began to seriously question the background of the project. Some people noticed a particular detail that Multicoin Capital’s founder Kyle was already one of the followers of LFG’s X account when it had only dozens of followers.
On the other hand, the LFG project’s trading pool has already received an investment of up to $6 million. These discoveries led the market to speculate that the LFG project may have some connection with Multicoin Capital. With the brewing market sentiment, the price of LFG reached a high of nearly $0.00014, with a 24-hour increase of 6,377%, and its market value approached $100 million.
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