Crypto News

10 Milady Memecoin Whales Hold Profits Worth Over $20 Million

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Milady Memecoin

The top 10 Milady (Ladys) whales are sitting on cumulative profits currently worth over $20 million, according to on-chain data.

The Milady meme coin has made several millionaires since its launch last week — at least on paper. The coin has surged in value by over 1,000% in just a few days, making it one of the most talked-about cryptocurrencies in the world.

The top 10 Milady whales hold a combined total of over 100 billion Ladys tokens. If they were to sell all of their tokens at the current price, they would make a profit of over $20 million.

It is unclear who the top 10 Milady whales are. However, it is likely that they are a mix of early investors, celebrities, and crypto influencers.

The surge in the price of Milady has raised concerns about a potential pump and dump scheme. A pump and dump scheme is a type of market manipulation where a group of people artificially inflate the price of a coin in order to sell it at a higher price and make a profit.

It is important to note that Milady is a very new coin and it is still too early to say whether it is a legitimate investment or a scam. Investors should do their own research before investing in any cryptocurrency.

Here are some of the key takeaways from the surge in the price of Milady:

  • Milady is a very new coin and it is still too early to say whether it is a legitimate investment or a scam.
  • Investors should do their own research before investing in any cryptocurrency.
  • The surge in the price of Milady has raised concerns about a potential pump and dump scheme.
  • It is important to be aware of the risks involved in investing in cryptocurrencies.
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Mohammad Ali is a fintech and cryptocurrency writer who has been covering the intersection of finance and technology for several years. Ali has a deep understanding of the financial industry and the ways in which technology is changing it, with a special focus on the rise of digital currencies and blockchain technology.