Elon Musk has helped 10 users become millionaires by posting on Twitter

The Milady Meme Coin (LADYS), advertised by Elon Musk, has brought more than $ 20 million in profit to its 10 owners. However, due to the small amount of liquidity of the asset on exchanges, it may be difficult (most likely impossible) for large LADYS holders to realize these profits.

The amount of unrealized profits of the top 10 largest holders of the Milady Meme Coin (LADYS) cryptocurrency has exceeded $ 20.4 million, according to the Lookonchain analytical service. These addresses hold 180 trillion LADYS tokens, which is 20.3% of the issued coins.

At the same time, Lookonchain analysts noticed suspicious transactions with LADYS cryptocurrency. 86 owners of Milady Meme Coin transferred 90 trillion tokens to several centralized crypto exchanges. A 26% drop in the value of the digital asset occurred just after LADYS tokens were deposited on trading platforms. At the moment, 131 trillion LADYS worth about $ 15 million are still on the balance sheets of suspicious wallets.

The current situation is quite expected — experts have repeatedly warned about the dangers of memtokens like LADYS. They are often developed by cryptocurrency fraudsters who can resort to blocking, theft, and large-scale dumping of a digital asset at any time. Most likely, the dump has begun, so the value of Milady Meme Coin has gone down.

Other large coin holders will also find it difficult to realize profits, The Block expert emphasized. According to him, the liquidity of the asset, which is about $ 3 million, is distributed between the Uniswap v2 and v3 platforms. If LADYS holders want to sell the cryptocurrency, they should either take into account the possibility of a huge slippage (the difference in price between the moment a transaction is sent and the moment it is confirmed in the blockchain) or close their positions gradually.

On May 11, the price of Milady Meme Coin (LADYS), which became popular thanks to a tweet by Elon Musk, soared by 12,000%. The billionaire posted an image of NFTs from the Milady Maker collection on his account.

Milady Maker is a collection of generative NFTs in neochibi aesthetics (a Japanese technique of simplified character portrayal) with street style elements.