BALD, a memecoin on Coinbase's layer 2 solution Base Blockchain, has gained approximately 4,000,000% after its launch.
Reaching a market cap of $85 million with its parabolic rise, BALD experienced a 85% drop yesterday as liquidity of 7000 Ethereum (ETH) was withdrawn.
While there was a decline on the BALD front, it turned out that there were connections between Alameda Research and BALD's deployer wallet.
At this point, it was stated that there was an interaction between the deployer contract of the on-chain data memecoin BALD and the wallet reported by Nansen to belong to Alameda Research.
In his post, Adam Cochran pointed out that FTX founder SBF and Alameda Research are behind the decline in BALD:
“I think BALD and Alameda and SBF are connected.
At this point I'm 99% sure the BALD developer is someone from Alameda or FTX. Some people who have worked at FTX think so too. Wallet history points to that.”
Ok yup it’s SBF or another Alameda person.
Only a handful of people had access to Serum Twitter account.
And other than SBF senior harem, nearly none of them were around at the time of Sushiswap votes.
So I think SBF just rugged people *again* https://t.co/EHQxwwPSpi
— Adam Cochran (adamscochran.eth) (@adamscochran) July 31, 2023
Wintermute's head of research, Igor Igamberdiev, also said that the ETH withdrawal definitely belonged to someone from Alameda, but it is unlikely that it belonged to SBF.
1/12
Alright, I've been sitting on this news all day, but let's look at the @BaldBaseBald deployer.
This is definitely someone from Alameda, but I don't think we can safely say that this is @SBF_FTX (even though he is a psycho)
Let's go👇 pic.twitter.com/qs7e2nMTI1
— Igor Igamberdiev (@FrankResearcher) August 1, 2023
*Not investment advice.
