According to Onchain data, market maker company DWF Labs sent $5 million USDT to the developer address of the Milady Meme Coin (LADYS) memecoin.
Analysts at cryptocurrency analysis company Spot On Chain also confirmed that market making company DWF Labs sent $5 million to LADYS developers. According to analysts, DWF Labs may have entered into an OTC agreement to acquire LADYS.
The wallet with the short address 0xeffb, which is the address with which the company interacts, was used to mint 834 billion LADYS in May 2023.
LADYS gained 17% at its peak since we reported the development. However, the token in question is listed on major cryptocurrency exchanges Bybit and Kuco, but it is not yet traded on Binance and Coinbase.
*This is not investment advice.