Elon Musk's support to Milady Memecoin had a positive effect on the value of $LADYS, prompting investors to consider it a profitable investment. However, suspicious transactions between 42 wallet addresses uncovered by the Lookonchain analytical platform have caused alarm and concern to holders of the cryptocurrency.

Lookonchain's investigation has revealed that the culprits behind the suspicious transactions are the 42 addresses that received Ethereum (ETH) from the KuCoin exchange. These addresses have a total of 205 trillion $LADYS tokens, which is about 23% of the entire pool, worth about $19 million. All of the ETH that were received were used to buy $LADYS tokens, which were then quickly sent to new wallets shortly before the Lookonchain team informed the public.

The same day as the ETH payments were sent, the creator of $LADYS was also given ETH for compensating for gas payments. This news caused a great deal of uncertainty among $LADYS investors, and many are expecting further updates from the creator of the cryptocurrency or from the Lookonchain research team.

Despite Elon Musk's initial support, things have taken a more complicated turn with Lookonchain's discovery of the suspicious transactions. Investors will have to wait and see whether the creator of $LADYS or the Lookonchain team can bring clarity to this situation and restore a sense of trust in the $LADYS ecosystem.



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