Memeland is about to distribute mining rewards, and there are a large number of small MEME buy orders appearing on the chain

2024-01-12 18:10:03

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ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, Memeland announced that it will soon distribute mining rewards and requires each address to hold at least 69 MEME to enhance fairness.

As a result of this news, there has been a surge of small MEME buy orders on-chain, mostly ranging from 70 to 80 tokens (approximately $2); currently, the number of addresses holding MEME is 74,589. Assuming that 4 million participating addresses will all acquire 69 tokens, there will be 270 million MEME that need to be transferred or bought within seven days, worth $7.49 million.

Observing on-chain data, it has been found that some addresses have started to distribute MEME tokens in bulk. For example, address 0xDb9 …45616 spent 0.4 ETH in miner fees three hours ago to allocate 69,000 MEME to 1,000 addresses, with an average cost of about $3 per address.

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Mining rewards MEME Memeland

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