LADYS token promoted by Musk brought $20 million profit to 10 owners

Because of the small amount of liquidity of the asset on exchanges. It may be difficult for large holders of LADYS token to realize these profits. Crypto-Upvotes expert review

Amount of unrealized profit of the top 10 holders of the cryptocurrency Milady Meme Coin (LADYS) exceeded $20.4 million, according to the analytical service Lookonchain. These addresses hold 180 trillion LADYS tokens. Which is 20.3% of the issued coins.

The LADYS token was launched on the Ethereum network in early May. And it also supports the Arbitrum network standard (ARB). On the evening of May 10, Elon Musk posted a meme on Twitter with an image of NFT from the Milady Maker collection. After that, the LADYS token rate went up 119 times. Or almost 12,000% – from $0.0000001444 to $0.000000172234.

Coin is trading both on decentralized platforms, as well as on major DEX exchanges. LADYS has already been listed by Huobi, Gate.io, Bybit, Bidget and MEXC. According to CoinGecko, the market capitalization of the asset as of May 16 is $88 million. And the daily trading volume is $89.5 million.

At the same time, Lookonchain analysts noticed suspicious transactions with the cryptocurrency LADYS. And as they then stated, related to DWF Labs. After this information emerged, developer Milady added the three largest token holders to its blacklist. They contain 109 trillion LADYS (about $15 million) and it is now impossible to withdraw funds from these addresses.

Other large holders of the coin may also find it difficult to realize profits. According to him, the liquidity of the asset is about $3 million, distributed on the Uniswap v2 and v3 platforms. If token owners want to sell the cryptocurrency. Then they should either consider the possibility of huge slippage, or close their positions gradually.