Devs launching shitcoins have zero faith in SOL 😂😂
A wallet (2MdNva…) started receiving SOL yesterday evening from multiple addresses that had issued tokens. By this morning, over roughly 16 hours, it had transferred about 299,838 $SOL to two exchanges, worth around $26 million.
The SOL came in one transfer at a time from token-issuing addresses, and many of the transfers were sent to exchange deposit addresses within minutes of arriving. At least two of those addresses had just created liquidity pools and launched tokens on a shitcoin launchpad. After the transfers, one exchange sent back about 5.65 million USDC, at least some of which has already been sold.
There are still around 142,900 $SOL left in the wallet, and another batch came in around noon. They’re cashing out the SOL they made from launching tokens. What a joke—meme conviction, my ass. They’re just scamming fools!
A wallet (2MdNva…) started receiving SOL yesterday evening from multiple addresses that had issued tokens. By this morning, over roughly 16 hours, it had transferred about 299,838 $SOL to two exchanges, worth around $26 million.
The SOL came in one transfer at a time from token-issuing addresses, and many of the transfers were sent to exchange deposit addresses within minutes of arriving. At least two of those addresses had just created liquidity pools and launched tokens on a shitcoin launchpad. After the transfers, one exchange sent back about 5.65 million USDC, at least some of which has already been sold.
There are still around 142,900 $SOL left in the wallet, and another batch came in around noon. They’re cashing out the SOL they made from launching tokens. What a joke—meme conviction, my ass. They’re just scamming fools!
