In short: A trader cannot sell over $10 million worth of Pepe Coin (PEPE) and Milady Meme Coin (LADYS) as both projects have blacklisted his addresses, though he acquired 2.52 trillion PEPE tokens for just 0.013 ETH and 290 trillion LADY tokens. The inability of the trader to sell their tokens could support prices while concerns about MEV bots and suspicious addresses impacting the tokens' prices have arisen amid their surge in trading activity on Ethereum.
Our quick analysis:
Have you ever struck gold, only to realize that you can't sell it? That seems to be the case for a trader holding over $10 million worth of PEPE and LADYS tokens, who reportedly cannot sell due to blacklisted addresses.
But let's back up and explain how they got here. The anonymous trader was an early buyer of these meme tokens, acquiring 2.52 trillion PEPE tokens for just 0.013 ETH and 290 trillion LADYS tokens, about 33% of the total supply. As a result, their stash is now worth millions.
Unfortunately, their addresses have been blacklisted by both PEPE and LADYS, with unconfirmed rumors suggesting the trader is associated with a maximal extractable value (MEV) bot. Despite the setback, the trader's inability to sell their tokens could actually support prices, as a block sell could adversely impact liquidity.
But here's where things get even crazier. Concerns about the impact of MEV bots on Ethereum's security and fairness are growing, as they can impact gas fees, front-run transactions, and congest the network. And with the meme token craze in full swing, the use of these bots is only increasing.
One notorious MEV bot named Jaredfromsubway.eth seems to be sandwiching meme token traders for profit, contributing to the high fees in Ethereum. And there are signs of suspicious activities and addresses in the LADY token ecosystem, with nine addresses transferring 26 trillion LADYS, equivalent to $3.7 million, to exchanges, coinciding with drops in the token's price.
So, what can we learn from this madness? Meme tokens may seem like a quick way to strike it rich, but with blacklisted addresses, MEV bots, and suspicious activities, it's becoming a risky game. As always, do your research and proceed with caution. Because even when you strike gold, it may not be enough.
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
Our quick analysis:
Have you ever struck gold, only to realize that you can't sell it? That seems to be the case for a trader holding over $10 million worth of PEPE and LADYS tokens, who reportedly cannot sell due to blacklisted addresses.
But let's back up and explain how they got here. The anonymous trader was an early buyer of these meme tokens, acquiring 2.52 trillion PEPE tokens for just 0.013 ETH and 290 trillion LADYS tokens, about 33% of the total supply. As a result, their stash is now worth millions.
Unfortunately, their addresses have been blacklisted by both PEPE and LADYS, with unconfirmed rumors suggesting the trader is associated with a maximal extractable value (MEV) bot. Despite the setback, the trader's inability to sell their tokens could actually support prices, as a block sell could adversely impact liquidity.
But here's where things get even crazier. Concerns about the impact of MEV bots on Ethereum's security and fairness are growing, as they can impact gas fees, front-run transactions, and congest the network. And with the meme token craze in full swing, the use of these bots is only increasing.
One notorious MEV bot named Jaredfromsubway.eth seems to be sandwiching meme token traders for profit, contributing to the high fees in Ethereum. And there are signs of suspicious activities and addresses in the LADY token ecosystem, with nine addresses transferring 26 trillion LADYS, equivalent to $3.7 million, to exchanges, coinciding with drops in the token's price.
So, what can we learn from this madness? Meme tokens may seem like a quick way to strike it rich, but with blacklisted addresses, MEV bots, and suspicious activities, it's becoming a risky game. As always, do your research and proceed with caution. Because even when you strike gold, it may not be enough.
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
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Please, behave!