cryptonews.net
Elon Musk, known for his influential presence in the field of cryptocurrencies, has expressed his support for Milady Memecoin on Twitter. After his tweet, the value of $LADYS rose significantly, which attracted the attention of investors. In a tweet, specialists from the Lookonchain analytical platform revealed 42 addresses that caused concern among $LADYS holders. These addresses currently hold 205 trillion $LADYS tokens, which is approximately $19 million and is 23% of the total.
The specialists revealed that all suspicious addresses simultaneously received Ethereum (ETH) from the KuCoin exchange, using the received ETH to buy $LADYS tokens. These addresses then quickly transferred all purchased $LADYS tokens to new addresses just ten hours before Lookonchain’s revelation. Lookonchain also discovered that the creator of $LADYS received ETH from KuCoin as a gas payment on the same day.
While Elon Musk's tweet initially sparked a rally in favor of Milady Memecoin, Lookonchain's investigation has shed light on potential disruptions to the $LADYS ecosystem. The coincidence of events has created an atmosphere of uncertainty, and investors are looking forward to further updates and clarifications regarding suspicious transactions.
Image: BlockchainReporter