The meme coin “Less Fees & Gas (LFG)” for Ethereum users was launched on the Solana blockchain yesterday evening. Anyone who has accumulated more than $4,269 in gas fees on the Ethereum ecosystem can claim LFG tokens for free.
Since the second half of last year, the public blockchain Solana (SOL) has attracted a lot of attention in the cryptocurrency market, with its “high TPS” and “low gas fees” becoming a popular topic among users. Yesterday evening, the meme coin “Less Fees & Gas (LFG)” for Ethereum users was released on the Solana blockchain, and anyone who has spent more than $4,269 in gas fees on the Ethereum ecosystem can claim LFG tokens for free.
According to the official website, the total supply of LFG tokens is 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 a one-month period. Any unclaimed LFG tokens after the deadline will be destroyed by the official team. After the initial airdrop, LFG plans to carry out a second round of airdrops, focusing on users who participated in liquidity provision (LP) and claimed the first round of airdrops.
According to statistics from Dune, more than 33,959 Ethereum users have already claimed the free airdrop. Many NFT players who participated in the boring monkey land forging 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 using a dragon emoji to respond to LFG’s official tweet, causing LFG to skyrocket by over 50%.
Solana co-founder’s response to LFG token | Source: X
Is it actually a project by Multicoin?
When the response from the Solana co-founder was discovered, the market began to seriously question the background of the project. Some people noticed a special detail: when LFG’s X account had only a few dozen followers, Kyle, the founder of Multicoin Capital, was already one of its followers. On the other hand, the LFG project’s trading pool has already received a capital injection 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 market sentiment brewing, the price of LFG reached a peak of nearly $0.00014, with a 24-hour increase of 6,377%, and its market value approached $100 million.
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