ZACHXBT Token Sparks Debate After Rapid Surge and Liquidity Removal
The meme coin
#zachxbt , launched on the Solana chain, saw an explosive rise, surpassing $0.06 (+790% in 1 hour) and achieving a market cap of over $90 million. The project’s issuer stated its purpose was to reward blockchain investigator
#zachxbt for his significant contributions to the crypto space.
#MarketPullback In an unexpected twist, Zach received 50% of the total token supply, provided single-sided liquidity with 500M tokens, and later removed nearly $4 million from the pool. This action caused the token’s market cap to crash to $9 million, sparking heated discussions among investors about the ethics of liquidity removal and its impact on holders.
#Ethereum Is liquidity removal a justified financial decision, or should Zach have taken a different approach? Share your thoughts below.
Disclaimer: This post is for informational purposes only and does not constitute financial advice.