The founder of Silk Road Ross Olbricht lost $ 12 million on the pump. He got only $ 600,000 for these assets, although he still maintains 10 % of the offer.
This incident shows the change of the encryption space because Ulbricht was active. Compared to the Silk Road, Pump.fun and Meme currencies are a new model of speed and chaos.
ULBRICHT ULBRICHT wakes up on pump.fun
According to Blockchain Arkham Intelligence, Ross ULBRICHT has only $ 12 million on Pump.fun. Ulbricht, the founder of the Silk Road, became a common figure among the encryption community because of his passion for Bitcoin and his ten -year imprisonment.
After Donald Trump’s pardon when he took office, community figures began to donate money to support his reintegration in society.
One of these donations shows the extent of the encryption space changed in the past ten years. An unknown developer created the Ross MIM currency on the operating pump.
However, when trying to liquidate it, it is unintentionally hole Its value with catastrophic consequences.
The title of the donation from Ross Olbricht Solana received 50 % of Russian supplies from the developer last week. Ross tried to add unilateral liquidity to sell metal currencies negatively, but he accidentally created a gathering with Raydium CPM (fixed product market maker) instead of CLMM (concentrated liquidity market maker), “claimed arkham.
ULBRICHT created the Ross liquidity set on the pump. At the wrong price, causing the robot MEV and selling it immediately. Initially, use this only 5 % of the total symbolic supply, but try ULBRICHT 35 % later shortly later.
This caused Ross’s decrease of 90 %, and received $ 600,000 compared to $ 12 million assets.
The reaction of the immediate encryption community was sympathetic to nature. Before his arrest, bitcoin transactions on the Silk Road were the largest catalyst for the sector. Some even argue that a large number of users in 2012 are familiar with encryption just because of the Silk Road.
While most members of society do not oppose ULBRICHT prison, the extent of his punishment was largely aggravated. For example, ULBRICHT received a life sentence, while some of the worst drug dealers on the Silk Road Road witnessed my parents.
In general, Russian symbols were supposed to help him help him to return to the real world, but the technical aspects of Defi and Meme have changed a lot. He still maintains five donated Russian symbols, which are much less.
This episode shows that the veterans of industry such as Ulbricht can still lose on pump.fun. Most merchants lose on the platform money, and the founders of Solana showed strong contempt for her in an unknown scan.
Mimi Quinn may have a standard level of income in 2025, but it is also under a great scrutiny. We hope ULBRICHT will bounce out of this shameful waking up.
Disintegration
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