According to research by blockchain detective ZachXBT One wallet address has been found to have launched “114 memecoin scams” in the past 45 days alone.
In a Twitter thread of April 26, ZachXBT followed the movement of a wallet address called “0x739c58807B99Cb274f6FD96B10194202b8EEfB47,” noting that “every time money is stolen from a scammer. will be sent to the same deposit address.”
Memecoins are tokens inspired and created based on popular internet jokes or memes. which generally do not have serious utility or future use cases.
On April 27, a Twitter user CoinGurruu posted a similar topic. By specifying the address of the scammer’s wallet “0xCc16D5E53C1890B2802d5441d23639CAc6cd646F,” allegedly “launching memecoin to 2-5 rug pulls a day for almost 2 years in a row.”
This wallet has launched 2-5 memecoin rugs daily for almost 2 years straight:
0xCc16D5E53C1890B2802d5441d23639CAc6cd646F
These devs have incredible hustle. Make sure you label it on Etherscan so you don’t line their pockets with your money.
Absolute insanity. pic.twitter.com/ffNQ4sTGls
— Guru
(@CoinGurruu) April 26, 2023
The post, the owner of the mysterious bag 114 Scam Meme Coins Created in 2 Months Appeared First on Bitcoin Addict.