It seems that the Pump.fun user has been working to produce Mimi currencies with collective production at an amazing rate, creating approximately 18,000 symbols and collecting at least $ 3.7 million of profits.
Blockchain data shows that the individual launched an average of 12 coins per hour per day for several months.
Mimi currency fastening machine
The user, which was identified by the wallet 0x818a … aja13N, showed an unimaginable activity, indicating that they were working in a systematic strategy instead of just intermittent experience.
This non -endemic activity is a speculation within the encryption community about whether the process is used or handcuffed. However, encryption researcher Connor Garogan, who first A mark has been placed Activity, suggested that the user can work manually, since his account was constantly inactive within certain hours.
While the developer has created 17,768 MEME code in the past few months, only 2,186 are currently active, while abandoning the majority or asleep. Interestingly, despite the huge number of coins launched, they have maintained a 55.57 % victory rate on all deals, with Grogan’s the accounts They showed that they may be more than $ 3.7 million.
The unknown Trader plan appears clear and direct, as it depends on rapid launch operations, rapid prices and strategic exit. Some speculated that the individual – or the potential group – puts the purchase and sale of encrypted currencies to create an artificial request before the exchange.
Others also noticed a pattern in which the trader awaits between 30 minutes to an hour after launching a new code before selling either by profit or completely abandoning the project. The note has drawn mixed reactions, as it resembles one group to high -frequency trading, while another is believed to be a coordinated system of pumps and discharge.
Which made things more tasteful, some social media users suggested that a potential pump. Airdrop can see Meme Coin Maker’s profits to the eight numbers area, which may stimulate them to maintain the cultivation of joke currencies.
Date of controversy
Pump.fun was at the center of the controversy due to the behavior of its users. Last November, she had to suspend the direct broadcast feature after developers created annoying videos to make their customers viral and increase their value. This step led to a 50 % decrease in a symbol generation, with a decrease in platform revenues by more than $ 22 million.
Moreover, an increasing number of bad actors use the launch platform to operate fraud operations, create fake encrypted currencies, then penetrate social media accounts for people or famous organizations to promote them.
In the last accident, the X account of the actor Breaking Bad Dean Norris was exploited to enhance the Mimi currency called $ Dean that was created on the platform. The maximum market increased later to 8.4 million dollars impressive before the fraudsters left liquidity and caused the asset value to only 53,000 dollars.
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