Meme coins have grabbed the spotlight in recent weeks, with examples such as PEPE and LADYS taking the crypto world by storm. These assets have received massive attention for the impressive gains realized in the time since their public launch. However, the role of whales or larger holders of those coins has been a source of uncertainty. On-chain analytics have revealed that nine addresses are responsible for the transfers of 26 trillion LADYS tokens worth approximately $3.7 million to various exchanges. As a result, the crypto market analytics and insights provider Lookonchain declared that the token's price drop could potentially be predicted in advance due to this activity. The LADYS token has already suffered a 56% price decline at the time of writing and is now sitting at $0.00000005448 - a 92% drop in price compared to week ago. As the popularity of meme coins continues to rise, caution is being advised to the retail traders that are getting involved with such assets. The influence of whales cannot be ignored, as those individuals can control a significant proportion of the supply and may act manipulatively in the early stages. Therefore, it is important to conduct thorough research and analysis before investing in meme coins to mitigate against any potential risks.



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