According to Lookonchain, one of the biggest LADYS whales is preparing to sell its altcoin holdings. Meanwhile, Milady has built a bridge between Arbitrum and Ethereum with the LADYS token.
The biggest holder can sell these altcoin tokens soon!
In the Milady Meme Coin (LADYS) ecosystem, one of the biggest holders of the cryptocurrency is probably preparing for a sale. This meme coin whale is DWF Labs, a start-up. According to data from Lookonchain, DWF Lab has sent 100,000 LADYS tokens worth about 1 cent to an OKX deposit address. According to the crypto analytics service provider’s speculation, this DWF transfer is likely a test transaction before depositing the LADYS token on the exchange. Investing cryptocurrency in OKX could mean a lot for the digital currency. Because exchanges are the primary ways users tend to dump their digital currency holdings.
DWF Labs transfer 100,000 $LADYS($0.01) to an #OKX deposit address.
This appears to be a test transaction before depositing.https://t.co/MGgNCoZsit pic.twitter.com/YojRrd8mG2
— Lookonchain (@lookonchain) May 15, 2023
It remains unclear whether this is DWF Labs’ main strategy for LADYS token holdings. Ripple is inherent in the digital asset and specifically the meme coin niche. Hence, it made LADYS more prone to bearish reversal given its selling potential. Meanwhile, the meme coin is trading at the spot price of $0.0000001421, up 27% over the last 24 hours, which appears to be a general community shrug on the potential impact of any potential sell-off.
Meme coins and the whale effect
As Cryptokoin.com previously reported, DWF Labs has a total of 30.7 trillion LADYS tokens. Also, this amount is equal to 3.5% of the total supply of meme coin. Holdings of this size mean that DWF Labs can help shift sentiment in any move or way it chooses. Therefore, all eyes are on the OKX deposit address. It is possible that the company’s next move will derail the growth of the meme coin. Or, there is a possibility of some more support. The whale’s impact on other top cryptocurrencies has also been profound. Especially for the popular meme coins Dogecoin (DOGE) and Shiba Inu (SHIB).
Milady bridged Arbitrum and Ethereum
On its official Twitter channel, the project informed consumers that its native token could bridge the gap between the leading blockchain Ethereum and the well-known L2 scaling solution Arbitrum. In this context, the company convinced consumers to be a part of this development and benefit from it.
https://twitter.com/miladymemecoin/status/1658029997859414016
In addition, the platform stated that customers can enjoy this update to experience exclusive amenities. In addition to this, the Milady project also announced an airdrop. While giving details about this event, the company announced that the next 24 hours will be very important in this respect. Meanwhile, he added that consumers with the highest transfer volume from the ERC token to the ARB token will be the target of the airdrop.
The altcoin project will also launch an airdrop
Milady noted that the airdrop, which will start after 24 hours, will include special gifts for consumers. In addition, the prize to be given to the lucky winner was also the subject of discussion. According to Milady, it will provide a custom NFT. However, the company has clarified that the event will not include any wallets connected to trading bots.
In addition, the platform stated that LADYS Bridge does not charge any protocol fees. Therefore, consumers only need to pay gas fees. The platform emphasized that the bridge is the fastest bridge for the LADYS token. He also stated that it guarantees a smooth experience.
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