Do you know how much money a scammer can make by issuing fake CA?

The answer is: 100 million dollars!

The Pionex traders sit idle for 16 hours a day, and they can't even match the scammer's small earnings.

This is shocking data that makes me want to tweet about it.

The reason is that while I was checking on-chain data, I found an address that made a profit of 500,000 SOL, but the CA traded by that address quickly went to zero. The address is: 9kf7oyNPHZB7TWcZZRewFMFwGNDKSEZKSSumMdaRYiuv

The screenshot below shows the dimensions of that address calculated by my program, with the red box indicating profitAmountOneMeMe, representing the number of profitable SOL. The most profitable CA is the fake Trump, which earned 1929 SOL, and the second is the fake Melania, which earned 1640 SOL.

This address has traded a total of 1200 meme tokens.

Addresses of the two fake CAs:

YW7NTo7UWJQmiFZCbxLmJmwtY3UVbR6L6EUnQVRfqnG

7m7Vs1AszdwRct9jV499XwMd3UYBiCDRrPQoLybUcj23

Check gmgn, and you can also see that this address has a total profit of 100M. Oh, my god.

Looking at this address, the recent operation is a fake Pi Network. From the on-chain address, we can see that its operation is as follows:

1) First, mint 1 billion tokens.

2) Then add a one-sided liquidity pool.

3) Use other addresses to pump the price, a total of about 400 SOL to 500 SOL will be used.

4) After noticing someone buying in, it goes to zero.

The entire process takes only a few minutes, and the K-line looks like this. Those who fall for it are probably just careless people, and some may have flaws in their on-chain trading bot algorithms.

Scammers make money like this!

How can everyone else work hard!

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