$38 million dollars of $PEPE was just moved to 0x600d6f00eadabdb514561ceeb43730a7103e8298 from 0x5227f603c1ee34ce3c06efe6477003bdfccb2f8c Binance exploiter address (Lazarus Group?).
That amount of $PEPE is more than the entire v2 liquidity pool. It will be interesting to see if Binance has the reserves to cover losses of all token holders.
They finally finished selling off ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933 for a profit of 14,040 ETH (~$31 million USD) and transferred the proceeds to 0x79e70d139fC05AA75F75611fDF2680E9952B544A, a consolidation address to collect the proceeds of the onchain unloading of other stolen funds - ethereum:0x4c9edd5852cd905f086c759e8383e09bff1e68b3.
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We are proud to announce the establishment of Sonic Digital Labs, and our first product: Hatchery
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Block zero sophisticated traders will dump on unassuming early bidders shortly after launch. It's obvious, but the million dollar question is: will they single side the initial LP and remove it akin to Trump and the celebrity meta tokens.
Expecting an early dump to reversal. It's only going to be sustainable if Laptop gets quick perp exposure if volume is massive. They allegedly have GSR market making it.
Trading bots haven't proliferated onto the Robinhood chain yet, so degens have to manually buy and sell. Less of a chance of a fat-finger "sell all" click. It reminds me of BSC days fighting with the Poocoin front end to buy anything.
With this sort of onchain vol, it will be less than a week before bots add support.
So a serial deployer on Pump sends 65% of the solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump supply to Ansem. A week later, he buys another 1% of supply for $58k at sub-$6M market cap on his side wallet (CLM6E4zpTviEC77nWKogpVLQoXx9tgoQCYJ8NibxKg1Q) This was funded by dumping a large portion of his ethereum:0xf280b16ef293d8e534e370794ef26bf312694126 bag on ETH (0x467A40C0a3F271f87498A93ab05c1099003346FF) and bridging to Solana. These buys, along with airdropping his FNF group, have caused over 52M in volume on the token over the past 24 hours.
Basically, the entire argument for buying this token is that dev and his friends are rich and won't dump on you - all while knowing he has clearly dumped on his followers heads over two dozen times over the last few years.
This unoriginal slop of a token is going to end up becoming WhiteWhale 2.0 extraction event siphoning the little amount of liquidity and attention left in memes.
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Lost in New York for the next 3 Hours
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