Well-known cryptocurrency detective of an address on the Solana Blockchain ZachXBT It turned out that he was affiliated with and was operating through a memecoin. Accordingly, it was determined that 500 million coins named ZACHXBT were sent to ZachXBT’s address. The amount in question constituted 50 percent of the total supply of ZACHXBT coin and was sent directly to ZachXBT’s address.
Market Value Reached $97 Million in the First 24 Hours
Instead of burning or storing the coins sent to it, ZachXBT used it to unilaterally add liquidity to memecoin. The liquidity added to the ZACHXBT/SOL parity attracted the attention of the memecoin world. However, after a while, ZachXBT withdrew approximately 91 million ZACHXBT coins and related SOL assets from the liquidity pool, greatly draining the liquidity.
Memecoinreached a market cap of $97 million within the first 24 hours of its launch. However, after the liquidity withdrawal, the market value of ZACHXBT decreased to approximately 19 million dollars. Not surprisingly, what happened directly affected memecoin’s market performance and investor interest.
Reactions from the Cryptocurrency World After the Events
On-chain data from ZachXBT investigations.sol 16 thousand SOLs worth approximately 3.9 million dollars via a new address. wintermute It shows that you transferred it to the market maker named. This transaction represents an over-the-counter (OTC) trade.
ZachXBT said in a statement on his X account: “One of my biggest regrets was not prioritizing making money.” He also shared an emotional post, saying, “I’m burned out” and “I wasted time with jobs that never rewarded me.”
Reactions on social media are mixed. Some users argue that ZachXBT deserves more for its contributions to the cryptocurrency market. Others criticized this transaction and called for transparency.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
