Author: Web3 Frontier

On March 30, according to data on the chain, Huang Licheng, the “big brother of Maji”, pledged part of the SOL (156,300 pieces) he raised for the Meme project Bobaoppa into the Solana ecological pledge agreement BlazeStake at 12:56 Beijing time today, and exchanged it for 139,556.77 pieces. bSOL, valued at approximately US$31.13 million. At present, in addition to the above-mentioned bSOL, the fundraising address (starting with CZ5ak) still has 96 wSOL, 70 SOL and 2727 USDC, with a total value of 36,000 US dollars.

Bobaoppa is the name of the dog raised by Maji. This afternoon, Bobaoppa opened at $0.0014 and then quickly fell by more than 70%. The current price is $0.0005. Maji has set a dynamic fee of 2%-10% for the pool, and currently charges 8.75% one-way. If you buy and sell at the same time, you will immediately lose 15% of your principal.

Brother Maji made more than 31 million US dollars in profits from this round of Bobaoppa’s fundraising. Coupled with the profits from the sale of Bobaoppa tokens, the actual total income should be around 50 million US dollars.

Huang Licheng, Maji’s eldest brother, is a habitual offender of cutting leeks in the industry. As early as 2017, Huang Licheng began to use his personal fame to "cut leeks."

  • At the end of 2017, Huang Licheng founded the decentralized social media platform Mithril, which raised $51.6 million through private token sales. It was then smashed to zero just one month after it was listed in 2018.

  • In early 2018, Huang partnered with Taiwanese politicians Hsieh Chang-ting, Lin Chang-lin and Ryan Terribilini to found Formosa Financial, a financial management platform for blockchain companies. It raised $23 million through two rounds of private placements. Huang Licheng promised that the project would be listed on the New York Stock Exchange, but FMF was listed on IDEX in June 2018 and immediately plummeted to near zero after landing.

  • Huang Licheng and Leo Cheng co-founded Cream Finance in early July 2020. So far, Cream Finance has been exploited three times due to negligence, with losses exceeding US$192 million.

  • In December 2020, Huang Licheng’s anonymous project Mith Cash was launched. Due to Huang Licheng’s own great influence, Mith Cash’s TVL grew to US$1 billion in just a few days after its launch. But then it also ended with the currency price returning to zero.

  • At the end of August 2021, Huang Licheng copied the popular chain game at the time and released "Heroes of Evermore", and continued to operate it in the name of an anonymous team. In the end, it was discovered that he had additionally issued rare NFTs in the chain game in the form of a mouse warehouse and cashed in about 530 coins. ETH.

Among Huang Licheng’s many projects, the same keywords are always the same: anonymous team, imitation project, new wallet funded through FTX, and short life cycle. The participants in each project are also the same: Wilson, Leo, and Huang Licheng. So much so that it became the iron triangle for cutting leeks.

In the past, there was the VT roll BNB that ran away, and later, Huang Licheng, the eldest brother of Maji, posted a MEME and made tens of millions of dollars by cutting leeks. Bobaoppa will not be Huang Licheng’s last project, but it is likely to be the last funding for the participants.