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In a recent announcement on X, Andrei Grachev, head of DWFLABS, revealed that the firm is in discussions with several meme coin projects, expressing a willingness to deploy significant funds to help these projects grow more rapidly and efficiently. This strategic move highlights DWFLABS’ interest in the burgeoning meme coin […]
Scope data on July 31 shows that 29 meme coins were launched over the weekend on Base to capitalize on the recent frenzy surrounding BaldBaseBald (BALD), a meme coin inspired by Coinbase CEO Brian Armstrong. However, all 29 meme coins have since been rugged, with the deployer exiting with over $1 million after seeding roughly $105,000 of [...]
The post 29 Other Meme Coins Besides BALD Rugged on Base appeared first on Crypto Breaking News.
DWF Labs, a global digital asset market maker and investment firm, is buying more LADYS, on-chain data on May 17 shows. DWF Labs Buying LADYS Trackers indicate that the market maker bought 1.9 trillion LADYS for 108 ETH worth roughly $196,000 at the time of the purchase. These purchases were made on Uniswap v3, a decentralized exchange allowing for trustless token swapping on several blockchains. While DWF Labs’ purchase could be worth watching, it is not immediately clear why they are buying the meme token that its creators say will be the “quintessential token for internet spirituality” in the days ahead. Related Reading: Crypto Nightmare: OFAC To Allegedly Place Milady Wallet Owners On Blacklist There are concerns that the market marker is trying the pump LADYS so that they can liquidate and profit later. On the other hand, DWF Labs could be genuinely interested in the project and want to speculate, riding on the meme culture that has gripped the cryptocurrency markets in recent weeks. LADYS is a meme coin that was created by the Milady creator, an NFT project on the Ethereum blockchain. Milady’s creator says the LADYS is a meme token with zero utility but is “self-organized” and a “drip currency.” There is also a disclaimer that the project has “no association with Charlotte Fang or her creation Milady Maker” but is simply “paying homage to an NFT collection we all love and recognize.” Meme Coin Activity Is Falling Considering the recent success of meme tokens like PEPE, LADYS has been flying higher, drawing attention despite the token’s lack of intrinsic utility. Even so, CoinMarketCap data on May 18 shows that LADYS has been cooling off in recent days, despite its overall market capitalization remaining decent at $69,219,733. With this, the token is ranked 324th in the market cap leaderboard. Part of this high market cap could be because the token is listed in some centralized exchanges besides Uniswap, where it is actively traded. CoinMarketCap data shows that LADYS actively trades on MEX and Gate.io, two popular periphery cryptocurrency exchanges. Related Reading: This Trader Has Over $10 Million Of PEPE And LADYS, But Can’t Sell Following the listing on these centralized exchanges, the meme token’s trading activity appears to have contracted in Uniswap. However, Etherscan data shows that 16,045 LADYS holders have generated over 123,000 transfers since launch. Still, there is a concern about the number of on-chain transfers over the past trading week. For instance, on-chain transfers peaked on May 11 at 40,247 before crashing to 4,708 on May 17. Notably, during this time, LADYS prices crashed 68% from May 11 highs of $0.0000002985 to $0.0000000922 on May 17. Feature Image From Canva, Chart From TradingView
Huobi Futures, a leading cryptocurrency derivatives exchange, has recently announced the inclusion of the LADYS/USDT trading pair on its Isolated
The new memecoin, Milady ($LADYS) experiences a significant growth spurt, with its value soaring by more than 80%. CoinMarketCap reports
As PEPE prices recover after a 76% slump from May 2023 peaks, a trader holding over $10 million worth of Pepe Coin (PEPE) and Milady Meme Coin (LADYS) meme tokens can, reportedly, not sell as both projects have blacklisted his addresses. Striking Gold On PEPE And LADYS Data from Scope Protocol, an analytics platform, shows that the anonymous trader was among the earliest buyers of PEPE and LADYS meme tokens. Imagine you are profit $10M but can't sell. 0xaf23 is blacklisted by both $PEPE & $LADYS because bought too early. he bought 2.52T $PEPE with 0.013 ETH, now these $PEPE worth ~$4.6M he also bought 290T $LADYS (33% of all) and holds 71T now (~4.9M).https://t.co/XzsxRdAMCY pic.twitter.com/7rWZnw6oMQ — 0xScope (?? . ??) (@ScopeProtocol) May 11, 2023 The two meme projects have experienced a tremendous surge, catapulting early holders into the realm of millionaires. Related Reading: PEPE Attempts Market Rebound, Surges By 28% In 24 Hours Records show that the trader acquired 2.52 trillion PEPE tokens for just 0.013 ETH. His stash grew to $4.6 million. The trader also bought 290 trillion LADY tokens, or about 33% of the total supply. As of May 11, the blacklisted address held roughly 71 trillion LADY worth over $4.9 million. Yet, with the two projects blocking his addresses, the trader cannot liquidate and profit. Unconfirmed rumors have it that the trader is associated with a maximal extractable value (MEV) bot. Despite this setback, the inability of the trader to sell their PEPE and LADYS tokens could support prices considering the amount held by the trader. A block sell could adversely impact liquidity. The surge of PEPE, though without any utility, points to the community’s greed, and unwillingness to miss out due to FOMO. MEV Bots Raise Concerns Concerns about the impact of MEV bots on Ethereum’s security and fairness have grown, as they can impact gas fees, front-run transactions, and congest the network especially as the meme token craze continues. The blacklisting of the trader’s addresses suspected of being MEV bots coincides with PEPE and LADYS spike in trading activity on Ethereum. An example is a notorious MEV bot named Jaredfromsubway.eth that’s sandwiching meme token traders for profit. Because of the number of trading done amid the meme token craze, the bot is one of the biggest contributors of the high fees in Ethereum. As trading volumes of meme tokens rise, more bots will likely be deployed to profit from this popularity. Already, CoinMarketCap data on May 14 shows that PEPE’s average daily volumes stood at over $520 million which is almost the same as its market cap at $721 million. Meanwhile, LADYS daily volumes reached $74 million as its total market cap rose 30% to $80 million. There were also signs of suspicious activities and addresses in the LADY token ecosystem which previously raised some concerns. Nine addresses transferred 26 trillion LADYS, equivalent to $3.7 million, to exchanges. Earlier, these addresses received ETH from KuCoin simultaneously before buying LADYS. If you notice these suspicious addresses, then you can predict the drop of $LADYS in advance. 9 addresses transferred a total of 26T $LADYS ($3.7M) to exchanges. Is it a coincidence that the price of $LADYS drops after each transfer?https://t.co/isFU2u9zVK pic.twitter.com/uoa8tBFWUA — Lookonchain (@lookonchain) May 12, 2023 Furthermore, they transferred all of their holdings to new addresses. Interestingly, each transfer coincides with a drop in the price of LADYS. Users were advised to watch these whale accounts as their activities could impact prices. If you bought $LADYS, you should pay attention to these 42 suspicious addresses. They hold 205T $LADYS ($19M), 23% of the total supply. They all received $ETH from #KuCoin at the same time and bought $LADYS. And also transferred all $LADYS to new addresses 10 hrs ago. pic.twitter.com/EftRtfRZD7 — Lookonchain (@lookonchain) May 11, 2023 Related Reading: Is Pepe Coin Ready For Another Pump? Here’s What On-Chain Data Says -Featured image from Canva, Chart from TradingView
The crypto market is likely bearish over a week yet some cryptocurrencies kept surging with an expanded market capitalization. Let
The meme-based token pepe (PEPE) has experienced a 14.9% decline against the U.S. dollar over the last 24 hours, continuing its downward trend from the last five days. Thus far, PEPE has seen a 60% drop in value from its all-time high on May 5. Rival Meme Tokens Challenge PEPE’s Dominance as Meme Token’s Value [...]
The post PEPE Token Continues Downward Spiral, Registers 60% Drop From All-Time High appeared first on Crypto Breaking News.
Milady themed memecoin makes waves in the cryptosphere after Elon Musk’s bizarre tweet.
New meme coin Milady Meme Coin (LADYS) has surprised most cryptocurrency investors and traders after it surged by more than 10,000% in hours. The surge has through the previously little-known cryptocurrency into the limelight especially following the recent rise in popularity of meme coins like PEPE and KEKE, although the price of PEPE has since …
<p>The post Milady Meme Coin (LADYS) jumps 10,000%: how high will it go? first appeared on CCNC | Cryptocurrency Newscast.</p>
The frenzy around meme-based cryptocurrencies continues, with a new player stealing the headlines from PEPE coin. Milady is the latest entrant in this space, and its self-organized meme coin, LADYS, is based on an anime avatar non-fungible token (NFT) collection. In just 24 hours, the value of Milady’s LADYS coin surged by an astonishing 5,250% and reached a trading price of $0.0000001528. Related Reading: Winner Takes All: Bitcoin And DXY Compete For Global Financial Dominance Milady Crypto Holders Beware? However, The surge in the value of Milady’s LADYS coin has been accompanied by a concerning rumor. It has been suggested that wallets holding Milady coins will be placed on the Office of Foreign Assets Control (OFAC) blacklist. This list maintained by the US Treasury Department identifies individuals and organizations subject to economic sanctions and other restrictions. The reasons behind this rumor are unclear, and it is important to note that any official sources have not confirmed it. However, such a move by the US government could have serious implications for anyone holding Milady coins. Being placed on the OFAC blacklist could make it difficult for individuals to conduct financial transactions or access certain services. It is unclear why such sanctions would target Milady. While using cryptocurrencies for illicit purposes has been a concern for regulators, there is no evidence to suggest that Milady or its LADYS coin is being used for anything illegal. Additionally, the idea that wallets holding a particular cryptocurrency would be targeted for sanctions is unusual. Despite the concerning rumor that wallets holding Milady coins may be placed on the OFAC blacklist, the cryptocurrency continues to experience a powerful uptrend and post significant gains. Milady’s LADYS coin has surged by over 71.5% within the last 24 hours. Despite the rumors, this remarkable growth indicates that investors and traders still show confidence in the cryptocurrency. Will LADYS Coin Follow The Footsteps Of DOGE And SHIBA INU For 100x Growth? In the world of cryptocurrency, the rise of meme-based coins has been nothing short of phenomenal. Coins like DOGE and SHIBA INU have skyrocketed in value, delivering massive returns to early investors. Some wonder whether Milady’s LADYS coin could be the next big thing in the meme coin world. According to Crypto Koryo, a popular cryptocurrency analyst, Milady’s LADYS coin has followed the same formula as other successful meme coins. The project’s Twitter and Telegram accounts were created on May 6th, and just two days later, the LADYS token went live. On the same day, the project posted its first tweet. However, what caught Crypto Koryo’s attention was that Milady’s team quickly reached out to several big influencers on Twitter. These influencers, including GevCrypto, AlmiraCrypto, and GiveAwayHost, have a combined following of over 2 million people. While these followers may be fake or bought, they are still enough to give Milady’s LADYS coin visibility and exposure to a large audience. The success of meme coins like DOGE and SHIBA INU has shown that social media hype and speculation can drive massive price increases quickly. However, as Crypto Koryo points out, the future of Milady’s LADYS coin is far from certain. While the coin has grown significantly, it could just as easily crash and burn depending on various factors. Compared to its nearest competitor PEPE coin, LADYS coin is currently leading the meme coin frenzy. While Milady’s LADYS has experienced significant growth, PEPE coin has suffered a decline of over 28% since yesterday. Related Reading: Bitcoin Bearish Chart Pattern Looms, Legendary Trader Sounds Warning Featured image from Unsplash, chart from TradingView.com
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