Author: Web3 Frontier

On March 30th, according to on-chain data, "Brother Ma" Huang Licheng pledged a portion of SOL (156,300 tokens) raised for the Meme project Bobaoppa into the Solana ecosystem staking protocol BlazeStake at 12:56 today Beijing time, exchanging it for 139,556.77 bSOL, worth approximately 31.13 million US dollars. The fundraising address (starting with CZ5ak) currently holds, in addition to the aforementioned bSOL, 96 wSOL, 70 SOL, and 2727 USDC, with a total value of 36,000 US dollars.

Bobaoppa is the name of the dog raised by Brother Ma. This afternoon, after reaching 0.0014 US dollars at the opening, Bobaoppa quickly fell by over 70%, and is currently priced at 0.0005 US dollars. Additionally, Brother Ma has set a dynamic transaction fee of 2%-10% for the pool, currently charging 8.75% one-way. Engaging in a buy-sell transaction would immediately result in a 15% loss of principal.

In this round of Bobaoppa fundraising, Brother Ma Huang Licheng has harvested profits exceeding 31.13 million US dollars, in addition to the token dumping income from Bobaoppa, the actual total income should be around 50 million US dollars.

Brother Ma Huang Licheng is a habitual offender in the industry, as early as 2017, he began using his personal influence to "cut leeks".

• At the end of 2017, Huang Licheng founded the decentralized social media platform Mithril, raising 51.6 million US dollars through private token sales, only to be dumped to zero within just one month of its listing in 2018.
• In early 2018, Huang collaborated with Taiwanese political figures Hsieh Chang-ting, Lin Zhanglin, and Ryan Terribilini to establish Formosa Financial, a financial management platform for a blockchain company. It raised 23 million US dollars through two rounds of private financing. Huang promised that the project would be listed on the NYSE, but FMF was listed on IDEX in June 2018 and immediately plummeted close to zero after landing.
• In early July 2020, Huang Licheng and Leo Cheng jointly established Cream Finance. As of now, Cream Finance has been exploited three times due to negligence, with losses exceeding 192 million US dollars.
• In December 2020, Huang Licheng endorsed the anonymous project Mith Cash. Due to Huang Licheng's significant influence, the TVL of Mith Cash grew to 1 billion US dollars within a few days of its launch. However, it also ended with the token price going to zero.
• At the end of August 2021, Huang Licheng released "Heroes of Evermore", a copy of the popular blockchain game at the time, and continued to operate it in the name of an anonymous team. It was eventually discovered that he had issued about 530 ETH worth of rare NFTs in the game through insider trading.

In Huang Licheng's numerous projects, the same keywords always appear: anonymous team, imitation projects, new wallets funded by FTX, and short lifecycles. The participants in each project are also the same: Wilson, Leo, and Huang Licheng. They have become the iron triangle of cutting leeks.

Before, there was VT running away with BNB, and now there is Brother Ma Huang Licheng making millions by cutting leeks with the MEME project Bobaoppa. Bobaoppa may not be Huang Licheng's last project to cut leeks, but it is likely to be the last funding for the participants.

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