GoPlus Tracks Three Wallets Minting MEME Tokens for $1.2M Profit

The security platform reports coordinated token issuance across three connected wallets, with proceeds exceeding $1 million later transferred to MEXC exchange.

Summary

GoPlus reported that three connected blockchain addresses issued nearly 10,000 MEME tokens, generating profits of over $1.2 million. One address minted DOYR and 3,333 tokens over 187 days for $350,000, while the other two created more than 6,000 tokens, earning $260,000 and $480,000 respectively. The funds, exceeding $1 million in total, were transferred to the MEXC cryptocurrency exchange.

Terms & Concepts
  • Token minting: The creation of new cryptocurrency tokens, typically through a blockchain's smart contract functions.
  • MEXC: A global cryptocurrency exchange platform offering spot, futures, and margin trading services.
  • MEME tokens: A category of cryptocurrency tokens often inspired by internet memes, typically for speculative trading or community engagement.