#ZachXBT Removes Liquidity Pool#
Hot Topic Overview
Overview
The ZachXBT liquidity pool removal event has sparked widespread attention. The incident began when someone created a token called ZACHXBT and transferred 500 million tokens (50% of the total supply) to ZachXBT's wallet. ZachXBT then used these tokens to add unilateral liquidity to the ZACHXBT/SOL pair. After a significant price increase, ZachXBT withdrew approximately 91.19 million ZACHXBT and 15,000 SOL (about $3.74 million) from the liquidity pool. Subsequently, ZachXBT transferred 16,348 SOL from the LP profits to Wintermute, approximately $3.89 million. This series of actions sparked community discussions, with some arguing that ZachXBT should only earn fees, not cash out, while others believe it is a true reflection of the on-chain dark forest. Ultimately, the market capitalization of ZACHXBT plummeted after ZachXBT removed the liquidity pool, currently standing at approximately $19 million.
Ace Hot Topic Analysis
Analysis
The ZachXBT liquidity pool removal event sparked widespread attention. The event was triggered by someone creating a token called ZACHXBT and transferring 500 million ZACHXBT (50% of the total supply) to ZachXBT's wallet. Subsequently, the market cap of ZACHXBT rapidly surged from $8 million to $80 million. Faced with the temptation, ZachXBT chose to cash out first. He withdrew 16059 SOL (approximately $3.81 million) from the pool by adding and removing liquidity, and then transferred 16348 SOL (approximately $3.87 million) to Wintermute. This move sparked heated discussions within the community. Some argued that ZachXBT should have only earned transaction fees, allowing the meme coin to have a longer life cycle. However, others believed ZachXBT's actions were justifiable, given the "jungle" nature of the blockchain, and that cashing out first was a wise choice in the face of temptation.
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 removal of the liquidity pool has sparked controversy, with some arguing that he should only earn transaction fees, not cash out.
ZachXBT's removal of the liquidity pool caused the price of ZACHXBT to plummet, shrinking its market cap to $19 million.
ZachXBT's removal of the liquidity pool shows that even prominent individuals cannot resist temptation and will choose to cash out first before considering other factors.