Memecoins
Meme Coin Attack Causes $2 Million Loss, Exploiter Still Holds $1 Million From Pepe’s Best Friend
The popular channel sleuth highlighted the latest fraudulent activity on his Telegram channel involving an early investor in the Solana-based meme coin – ANDY.
It’s also worth noting that the price of Pepe’s best friend has dropped more than 20% in the last day alone.
ZachXBT Investigating ANDY Drainer
As shown in the chart above, the exploiter drained approximately $2 million worth of coins in multiple transactions on Friday. They almost immediately began exchanging half of the illicit profits for ETH.
However, the unknown bad actor still holds half of ANDY’s ill-gotten gains. ZachXBT warned ANDY investors to be wary if they see trades of this address which belongs to the drainer.
ANDY is one of the latest coin sensations, with a current market cap of well over $200 million. It is a spin-off of PEPE since it is the webcomic character’s best friend.
As mentioned on the website and in the white paper, ANDY aims to be “more than just a meme.” It is a symbol of community, creativity and the limitless potential of collective imagination.
However, its price fell following this feat and amid the market-wide retracement. ANDY has fallen over 22% over the past day and is now struggling at $0.00022.
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