As a seasoned crypto investor with a keen eye for spotting fraudulent activities, I can’t help but feel disillusioned by yet another instance of deceit in the world of digital currencies. The recent exploit involving an early investor in the Solana-based meme coin, ANDY, has left a sour taste in my mouth.


As a dedicated researcher following the latest developments within the crypto space, I recently came across some troubling discoveries regarding an early investor in the Solana-based meme coin – ANDY. In my Telegram channel, I brought attention to this issue, detailing the suspicious activities that have come to light.

Pepe’s friend’s price has dropped significantly, over 20%, within just the last day.

Meme Coin Attack Results in a $2M Loss, Exploiter Still Holds $1M Worth of Pepe’s Best Friend

The diagram shows that someone extracted around $2 million in meme coins during multiple transactions on a Friday. Shortly following, they exchanged nearly half of their ill-gotten gains for Ethereum.

Despite the fact that the unidentified malicious party retains control over half of the illegal profits in the ANDY account, investors should exercise caution if they notice any transactions originating from this particular address, as previously advised by ZachXBT.

Andy is currently making waves as one of the most popular new meme coins, boasting a market capitalization exceeding $200 million. This digital currency is believed to have originated from PEPE due to their shared connection as the comic character’s closest companion.

As a crypto investor in ANDY, I’d like to highlight that this project goes beyond being just a humorous image or meme. Instead, it represents the spirit of community, creativity, and the limitless possibilities of collective imagination.

I’ve analyzed the situation and found that ANDY experienced a significant price decrease. The exploit discovery and the broader market downturn led to this decline, causing ANDY’s value to drop more than 22% in just one day. Currently, it hovers around $0.00022.

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2024-06-08 10:50