#ZachXBT Removes Liquidity Pool#
Hot Topic Overview
Overview
ZachXBT removed liquidity from the ZACHXBT token pool, acquiring 15,000 SOL and nearly 90 million ZACHXBT tokens. He then transferred 16,348 SOL to a Wintermute address. This move has sparked debate within the community, with some arguing that ZachXBT should only be earning fees and not cashing out, while others view it as a true reflection of the on-chain jungle, where even prominent on-chain sleuths like ZachXBT may succumb to temptation and cash out. The ZACHXBT token price plummeted after ZachXBT removed liquidity, with its market cap falling from a high of approximately $97 million to around $19 million.
Ace Hot Topic Analysis
Analysis
The removal of liquidity pool event by ZachXBT has sparked widespread attention. It started with ZachXBT's public address investigations.sol receiving 500 million ZACHXBT tokens (50% of the total supply) from the Dev distribution and using them to add one-sided liquidity for ZACHXBT/SOL. Subsequently, ZachXBT withdrew approximately 91.19 million ZACHXBT and 15,000 SOL (approximately $3.74 million) from the liquidity pool. This operation led to a sharp decline in the price of ZACHXBT, with its market cap falling from around $97 million to around $19 million. ZachXBT then transferred 16,348 SOL from LP profits to Wintermute, worth approximately $3.89 million. This series of operations has sparked debate in the community. Some believe that ZachXBT should only earn fees and not cash out, while others believe that ZachXBT's actions are reasonable, arguing that the blockchain is a dark jungle where everyone should look out for their own interests.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
ZachXBT removed the liquidity pool to cash out, reflecting the dark forest law of the on-chain world.
ZachXBT's actions prove that even well-known figures will choose to cash out first when faced with temptation, rather than just earning fees.
ZachXBT's actions led to a sharp drop in the price of ZACHXBT tokens, indicating that the lifespan of meme coins is short.
ZachXBT's actions have sparked reflection on meme coins, questioning whether they should be overly hyped.