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MELANIA
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The following content is sourced from .
✅$YZY incident where 103 billion won disappeared in just 6 minutes
I have summarized the details of the largest meme coin loss incident in August organized by @bubblemaps in Korean.
✔️$YZY incident - Massive losses vs 11 wallets
A staggering 51,800 wallets lost $74 million (about 103 billion won)
Meanwhile, only 11 wallets made profits in the billions of won
YZY plummeted nearly 70% right after its launch
✔️Who made money?
At the center of this incident is Hayden Davis (alias Kelsier)
- The day before the launch, wallets connected to him moved funds on CEX
- The very next day, $YZY token launched
- One minute after the launch was announced (1:54 AM UTC), buying began
- Instantly made $12 million (about 16.8 billion won) in profit
📌Suspicious circumstances
$57 million (about 80 billion won) was unlocked right after the $YZY launch
A total of 14 sniper wallets were prepared → The profits they made combined amounted to $12 million (16.8 billion won)
The more shocking thing is that this is not Hayden's first time.
Similar sniping has been confirmed in past token launches like MELANIA and LIBRA.
✔️Conclusion
Most investors → 103 billion won loss
A few insiders → 16.8 billion won profit
All happened in just 6 minutes
These days, new tokens are often launched directly on Pumpfun or Solana.
@bubblemaps is a representative crypto tool that traders use to understand tokenomics and check for insider trading. I have also quoted data analysis articles, so please refer to the quoted articles for more detailed information.
About Melania Meme (MELANIA)
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Melania Meme FAQ
What is cryptocurrency?
Cryptocurrencies, such as MELANIA, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as MELANIA have been created as well.
Can I buy MELANIA on OKX?
No, currently MELANIA is unavailable on OKX. To stay updated on when MELANIA becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of MELANIA fluctuate?
The price of MELANIA fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
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