02 March, 2024

Investor Loses $190K Worth of ETH, Memecoins’ Liquidation Wave

10 months ago

21 Nov, 2023

The LADYS token has recently gained significant attention after receiving a tweet from Elon Musk regarding the lady meme. This caused the memecoin value to skyrocket by over 12,000%. A recent surge in the token’s value has been attributed to certain accounts that purchased it just before the release of a tweet by Elon Musk.

LookOnChain, the financial services platform, has revealed that a solitary investor has lost significant money investing in LADYS. The amount lost by the investor is reportedly US$190,000. In a recent transaction, an individual purchased a staggering two trillion units of an asset for $321,000, equivalent to 174 ethers. However, the same individual sold the assets for $130,000 or 73.5 ethers.

Lookonchain, the provider of crypto market analytics and insights, has highlighted that about nine addresses moved 26 trillion LADYS tokens worth nearly $3.7 million to various exchanges.

LADYS experienced a downward movement in the stock market as investors took profits, leading to a recent sale. Over the past day, the meme-inspired cryptocurrency has experienced a significant decline, with a drop of over 53.4%. As of the latest quote, the cryptocurrency is valued at $0.00000007167.

After Elon Musk shared a photo of a non-fungible token (NFT) from the Milady Maker collection on Twitter, the value of LADYS and the rest of the Milady Maker cryptocurrency rose sharply. Shortly following the case, trading activity increased by roughly 1,500%. 

The NFTs in Milady Maker’s collection have been central to several recent disputes in the cryptocurrency industry. Charlotte Fang said she ran a personal Twitter feed where she posted and retweeted hate speech. She has just quit the team working on Milady Maker.



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