A notable connection has emerged between a Solana 
$85 blockchain address and crypto detective ZachXBT, revealing activity surrounding a particular memecoin. Reports indicate that an impressive quantity of 500 million ZACHXBT coins was transferred to ZachXBT’s address, representing a staggering 50% of the total supply of this coin. This transaction directly linked to ZachXBT has sparked considerable attention in the crypto community.
Market Value Hits $97 Million Within 24 Hours
Instead of burning or storing the received coins, ZachXBT opted to add unilateral liquidity to the memecoin. This decision attracted significant attention within the memecoin realm, particularly regarding the ZACHXBT/SOL trading pair. However, shortly after, ZachXBT withdrew approximately 91 million ZACHXBT coins and associated SOL assets from the liquidity pool, drastically reducing the liquidity available.
The memecoin achieved a market value of $97 million in its first 24 hours post-launch. Nevertheless, following the liquidity withdrawal, ZACHXBT’s market value plummeted to around $19 million. Unsurprisingly, these developments directly impacted the memecoin’s market performance and investor interest.
Reactions from the Crypto Community
On-chain data indicates that ZachXBT transferred approximately $3.9 million worth of 16,000 SOL to a new address linked to a market maker named Wintermute. This transaction hints at over-the-counter (OTC) trading activity.
In a statement on X, ZachXBT expressed, “One of my biggest regrets was not prioritizing profit.” He elaborated further, stating, “I am exhausted” and lamented wasting time on endeavors that never rewarded him.
Responses on social media have been mixed. Some users argue that ZachXBT deserves more recognition for his contributions to the crypto market, while others criticize the move, calling for greater transparency.
