$9.5 Million LADYS Sent To Exchanges By 86 Suspicious Addresses

May 17, 2023 - Around 3 mins mins to read

Key Points:

86 addresses sent a total of 90T LADYS, equivalent to $10.8 million, to exchanges, and the price of the token started to record a decrease.
These suspicious addresses deposited 12.4 trillion LADYS (about $1.2 million) into the exchange 8 hours ago.
The token, which has recorded a 16% drop in the last 24h, is currently trading at $0.0000000959.

According to Lookonchain, 86 suspicious addresses currently hold 118.6 trillion LADYS ($11 million) and have deposited 102.5 trillion LADYS (about $9.5 million) into the exchange.

$9.5 Million LADYS Sent To Exchanges By 86 Suspicious Addresses

Chain analyst Lookonchain has released an update on 86 suspicious addresses associated with LADYS, which have sent 90T tokens ($10.8M) to exchanges. According to deposit time, data shows that the price of this token starts to decrease after the deposit.

These suspicious addresses have continued depositing 12.4 trillion LADYS (about $1.2 million) into the exchange 8 hours ago. These addresses currently hold 118.6 trillion LADYS ($11 million) and have deposited 102.5 trillion LADYS (about $9.5 million) into the exchange.

Update:

These suspicious addresses deposited 12.4T $LADYS ($1.2M) to exchanges again 8 hrs ago.

Currently hold 118.6T $LADYS ($11M), and deposited 102.5T $LADYS ($9.5M) to exchanges in total.https://t.co/u6Xy1igGb7 pic.twitter.com/if3PCqKY6D
— Lookonchain (@lookonchain) May 17, 2023

The Milady memecoin has created many “millionaires” since its launch last week. The top 10 whale accounts are accumulating profits of more than $20 million.

According to an analysis by The Block Research based on data from Nansen and Lookonchain, the top 10 LADYS whale accounts collectively accumulate profits, with a total value exceeding $20 million. Despite taking partial profits, they still hold more than 176,000 billion tokens, equivalent to about 20% of the total token supply.

2/ Address "0xAf23" was blacklisted again by $LADYS after being blacklisted by $PEPE.

Fortunately, before being blacklisted by the $LADYS deployer, he sold most of the $LADYS for a profit of 52 $ETH ($97K).https://t.co/Qc8JwesMZR pic.twitter.com/siwxH3Qpzl
— Lookonchain (@lookonchain) May 15, 2023

6/10 whales are profitable, more than 1 million USD per account. However, there are three whales that have been blacklisted and may never be withdrawn. The cause is unknown, but according to Lookonchain, it may be related to insider trading.

The project website states that it is a meme with no intrinsic value or financial return, nor an official team or roadmap. This token is completely useless and is intended only for entertainment purposes.

Despite such a warning, the crypto community is still interested and actively trading this memecoin. The total supply of LADYS is over 888 trillion tokens, with 1% being airdropped to PEPE and Milady NFT holders.

The reality is that there are many memecoins on the market, and not all of them are trustworthy. To avoid risks, readers should only use the amount of capital that can be lost to trade this coin. Moreover, staying alert and avoiding FOMO (fear of missing opportunities) is necessary when investing.

Currently, the token has recorded a 16% drop in the last 24h and is trading at $0.0000000959.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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