fudbudAlexP

[fudbudAlexP @CryptoADAturtle]

@IOHK_Charles Barcelona

[bobcorn @bobcorn_ada]

I investigated the sell off on $Meld token @onMELD and found that the wallet that held the partnership funds around 180M $MELD ~4.6% of the total supply dispersed the funds 7 days ago to over 40 wallets who initiated the sell off. More below.

The wallet in question -stake1uy7xxwkyz3523gju7le3dvpvtxemq20suf47m3fvdhau0uc7gzzde received from the $MELD minted amount around 182m Meld. By inspecting the tokenomics sheet its seems to be the Partnerships wallet which should own 186m.

This address paid out $kenblaue 5M meld 1 month ago. But the funds starting being sent out to most of the addresses on Oct 31, last week as you can see by the outbound transfers

Most of the addresses that received the tokens 7-6 days ago did not sell or cause the sell off. But a lot of them have sold meld some in large quantities previously in 2023-2024

However, one of those addresses received a larger chunk 9.8m tokens
-stake1u975ckc6e7ph583zh384ah9cd02fg5h4al70vqcu7rmvuyqa0k2w2 5 days ago was responsible for dispersing the funds to the wallets that caused the selloff starting at the price of 0.026 $ADA

The addresses below that received the meld from this address have sold their $meld triggering the initial sell off on Nov 3.

What's also interesting to note is that bot addresses that trade and arb tokens heavily sold $meld during that time which further exacerbated the selloff.

Those bot addresses are:
-stake1u80gfeedn5ery9f4clmesfrkvu5vzqq29uzsk47x82elp4qruh0ka
-stake1u9xeh3z7t5v3usyfg8gcmwavr472wdltsgf56yk6855vj5qvvx2vf

[killerwhale @adakillerwhale]

Disgusting behavior from the MELD team. They knew.

A couple days before the announcement that the project was bankrupt and ending operations, they slowly sold off all of their MELD.

They told their insiders, and their friends. And they let their community buy the dip like sheep, right before hitting them with the sledgehammer.

We all knew MELD was a rug, but this is downright criminal.

[fudbudAlexP @CryptoADAturtle]

@onMELD You better find a way to keep this project alive, because now it looks quite crimminal

[fudbudAlexP @CryptoADAturtle]

@yipyippington @Jay_aw24 @Cinnamon__Bunnn @fudbuddies @DeathsquadNFT @thesilvist We are fine

[fudbudAlexP @CryptoADAturtle]

@Grayscale ₳

[fudbudAlexP @CryptoADAturtle]

@thesilvist @fudbuddies

[fudbudAlexP @CryptoADAturtle]

@thesilvist @fudbuddies Where business

[fudbudAlexP @CryptoADAturtle]

@Delongy420 My $fud is locked until 2500

[fudbudAlexP @CryptoADAturtle]

@franzfudinand Typical fud triangle

[fudbudAlexP @CryptoADAturtle]

@DeathsquadNFT He's good

[fudbudAlexP @CryptoADAturtle]

@DeathsquadNFT

[fudbudAlexP @CryptoADAturtle]

@FomoIsRealz @yipyippington @DeathsquadNFT No

[fudbudAlexP @CryptoADAturtle]

@yipyippington @FomoIsRealz @DeathsquadNFT Look mine

[fudbudAlexP @CryptoADAturtle]

@marsou_mr Fudmobil

[fudbudAlexP @CryptoADAturtle]

@franzfudinand @GuzFlips @FunPlastics @Pavia_io @claymates @MallardOrder @book_io @ZombieChains @ADAPunkz @AdaArmyNFT @fourhundredwtf @spacebudznft @YummiUniverse @CornucopiasGame @DeadRabbitRS @fudbuddies Dope

[fudbudAlexP @CryptoADAturtle]

@claytoshi @marsou_mr @fudbuddies When I realized I am trapped here