Renowned on-chain detective ZachXBT recently highlighted the latest fraudulent activity involving an early investor in memecoin ANDY.
It is worth noting that the token price has plummeted more than 20% in just the past 24 hours.
ANDY price chart on Ethereum 4 hours. Source: TradingView
ZachXBT posted a chart showing the attacker draining about $2 million in memecoins on Friday in several transactions and almost immediately swapping half of the ill-gotten gains for ETH.
The bad guys are still holding 4.2B ANDY worth about $1 million. ZachXBT warns ANDY investors to be wary if they see any transactions from an address belonging to drainer.
ANDY is one of the newest memecoin phenomena, with a current market capitalization of over $200 million. According to the project website, ANDY aims “to be more than just a meme but to become a symbol of community, creativity, and the boundless potential of the collective imagination.”
https://tapchibitcoin.io/nha-dau-tu-memecoin-andy-bi-drainer-rut-can-2-trieu-do-la.html
