Lookonchain has updated its list of suspect addresses that are engaged in the ecosystem of the cryptocurrency Milady Memecoin ($LADYS), which brings a fresh chapter to the ongoing story surrounding the cryptocurrency. A recent tweet by Lookonchain revealed that 86 addresses have contributed a total of 90T $LADYS ($10.8M) to various cryptocurrency exchanges. It’s important to note that once these deposits were made, the price of $LADYS started going down.
According to the most recent findings of the inquiry, these 86 addresses jointly have 131 trillion $LADYS ($15 million), which indicates strong engagement in the ecosystem of the token. The timing of deposits provides evidence that there is a link between the deposits and the following reduction in the price of $LADYS; this leads to more issues about the dynamics that are at play.
An investigation that was carried out previously by Lookonchain revealed a number of questionable dealings that were connected to the $LADYS cryptocurrency. In their tweet, Lookonchain disclosed 42 addresses that caused investors of $LADYS to express worry. These addresses are now in possession of an astounding 205 trillion $LADYS tokens, which have a value of around $19 million and account for 23% of the entire supply.
The cryptocurrency community is paying careful attention to the data published by Lookonchain since recent events have further increased the level of anxiety around $LADYS. There is still a lack of clarity on the implications for the market and those who possess tokens despite the fact that these questionable addresses control large amounts of tokens.
As investors and analysts dig further into the inquiry, they are waiting for new updates and insights. These continual findings highlight the significance of conducting an in-depth investigation as a means of sustaining trust and confidence within the cryptocurrency ecosystem since transparency and accountability are essential components in this process.
The efforts made by Lookonchain to throw light on actions that are of concern play an important part in the development of a crypto ecosystem that is safer and more dependable.
