2023-05-15
One of a wallet was discovered just prior to Elon Musk's announcement that he was posted about a new meme coin, which had only been released the previous month. These wallets stand to make a significant profit of up to 2,300%.
According to Lookonchain, a wallet was
created just hours before Elon Musk tweeted about the Milady NFT meme,
resulting in a significant profit of 2,300% after the price of the Milady coin
(LADYS) sharply increased.
We have discovered a mysterious wallet
that was created one hour before Elon Musk tweeted about the Milady meme. The
owner of the wallet withdrew 25 ETH ($45,362) from Binance and used it to buy 8
trillion LADYS coins at a price of 0.000000005652 dollars per coin. There were
no other transactions made. Was this a coincidence?"
"The wallet in question bought LADYS coins at a
price of 0.000000005652 dollars per coin and sold them
when the price rose to 0.000000135961 dollars per coin,
resulting in a profit of approximately 2,300%.
Before Musk tweeted about it, LADYS
was being traded at a price of 0.000000004035 dollars. At
that time, one LADYS investor held 2.15 trillion coins,
having recently purchased them."
Referring to Looknochain data shows
SmartMoney has sold almost half of all the LADYS coins they held, making a
profit of approximately 302,000 dollars after the coin's value increased to 35
times its original value."
SmartMoney purchased 2.15 trillion
LADYS coins for 4.7 ETH (8,679 dollars) before Elon Musk's tweet was posted, at
a price of 0.000000004035 dollars per coin. Afterwards, the wallet sold 1.09
trillion LADYS coins for 84 ETH (153,000 dollars) at a price of 0.0000001404
dollars per coin, and currently holds 1.06 trillion LADYS coins (158,000
dollars).
"The total profit of this wallet
is 302,000 dollars, which means that SmartMoney earned 35 times their initial
investment," as stated by the Twitter account of Lookonchain.
