#ZachXBT removes liquidity pool#
Hot Topic Overview
Overview
The ZachXBT liquidity pool removal event has drawn widespread attention. The incident began when ZachXBT received 500 million ZACHXBT tokens (50% of the total supply), which were then used to add unilateral liquidity to the ZACHXBT/SOL pair, from which approximately 91.19 million ZACHXBT and 15,000 SOL (about $3.74 million) were extracted. This move resulted in a significant drop in the price of ZACHXBT, with its market capitalization falling from a high of approximately $97 million to around $19 million. Subsequently, ZachXBT transferred 16,348 SOL, representing LP profits, to Wintermute, equivalent to $3.89 million. These actions have sparked discussions within the community, with some arguing that ZachXBT should only earn transaction fees and not cash out, while others believe ZachXBT's behavior is justified, given that the blockchain is a jungle where cashing out is the wise move when faced with temptation.
Ace Hot Topic Analysis
Analysis
The ZachXBT liquidity pool removal event has sparked widespread attention. After receiving 500 million ZACHXBT tokens, ZachXBT used them to add one-sided liquidity to the ZACHXBT/SOL pair. After the token price surged, ZachXBT withdrew about 91.19 million ZACHXBT and 15,000 SOL from the liquidity pool, totaling approximately $3.74 million. Subsequently, ZachXBT transferred 16,348 SOL from the LP profits to Wintermute, equivalent to about $3.89 million. This series of actions has ignited heated discussions within the community. Some argue that ZachXBT should only earn fees and not cash out, while others believe ZachXBT's actions are justified, after all, the blockchain is a dark jungle, and facing temptations, cashing out first is a wise move. The market capitalization of ZACHXBT plummeted after the incident, currently standing at approximately $19 million.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
ZachXBT removed the liquidity pool to cash out, not just to earn fees as many people expected.
ZachXBT's behavior shows that even well-known on-chain detectives like him will choose to cash out first when faced with temptation, reflecting the dark forest law of the on-chain world.
ZachXBT's actions also show that the life cycle of Meme coins is short, and even coins with high visibility like ZACHXBT cannot avoid being cashed out.
ZachXBT's actions have sparked reflection on Meme coins, whether people should believe in the value of these coins, and whether they should participate in trading these coins.