Public chain Solana’s meme coin project $LADYF announced the token contract this afternoon (22nd), but it was revealed that some people were able to pre-position and purchase. Some individuals only spent 0.5 SOL (90 USD) and made nearly 800,000 USD in profit.
(Prior summary:
Meme coin SLERF raised 50,000 SOL and “accidentally burned it all,” founder apologizes: “I’m ready to go to jail”… token price surged.)
(Background supplement:
BOME started the Solana “startup dog trend,” KOLs collectively warned: be careful of getting scammed, pay attention to risks!)
Solana’s recent meme coin, BOME, sparked a frenzy of meme coin offerings similar to ICOs, with various projects starting public fundraising and attracting a frenzy of attention from the community. Against this backdrop, the meme coin project $LADYS announced on the 18th that its new meme coin, Milady Wif Hat, was available for presale and quickly exceeded its fundraising target.
Originally, LADYS planned to return 75% of the additional funds raised to investors and invest 25% in the liquidity pool. However, perhaps fearing user backlash, they later stated that they would refund the excess funds 100% and distribute all tokens directly to participants, causing the community to exclaim, “They have big ambitions!”
Plot twist: Front-running by “rat warehouse”
Unexpectedly, the plot took a major twist. Today (22nd), when the official token contract was scheduled to be announced, the community discovered that some individuals were able to pre-position and purchase. According to on-chain data, a user (address: G95..) spent only 0.5 SOL (about 90 USD) to purchase 289 million $LADYF at the time of token release.
Less than two seconds later, the user sold 173 million $LADYF for a price of 6 SOL. In subsequent trades, the user sold 57 million $LADYF for a price of 1,522 SOL (about 274,000 USD). Currently, the user still holds 58.7 million $LADYF, valued at approximately 287 SOL (about 516,000 USD), making a quick profit of 800,000 USD.
What’s even more questionable is that the project team provided liquidity on the decentralized exchange Raydium with only 1 SOL, and combined with the numerous addresses that made early purchases, the community is extremely dissatisfied, believing that the project team clearly intends to exploit retail investors.
Community KOLs criticize $LADYF
$LADYF faced selling pressure from holders with early positions, and the current price is at 0.00008314 USD, a drop of over 97% from its peak.
LADYF|Source: Dexscreener
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