Original author: Rhythm worker
原文来源:Blockbeats
知名 KOL Adam Cochran 再次陷入 rug 风波。
Hyping meme coins is already the main line of indirectness in this cycle. Solana, base, degen, and ton chains have also become the main battlefields of several earth dogcoins, not only ancient NFT coins, artist coins, but also various KOLs who have issued coins and are in the process of issuing coins.
Late yesterday night, a "god disk" Base Geld on the Base chain was "born", and it rose by more than 2 million times within 1 hour.
"Pixiu Pan" describes a digital currency that can only be bought but cannot be sold, and once purchased, it cannot be sold. If you haven't bought Pixiu, then your coin speculation career is incomplete. So the Base Geld that can't be sold is a Pixiu market?The information on the Dextools webpage is "disagreement".
BlockBeats found that Geld claims to be a proof-of-work token, and computers have a chance to earn rewards when mining Geld. What's more, the issuer of the Geld token is well-known KOL Adam Cochran, who was previously the managing partner of venture capital fund Cinneamhain Ventures. Adam has been working in the blockchain space since 2013 and has consulted on several projects, currently serving as an advisor to Synthetix, a Defi protocol, and has 216,000 followers on Twitter.
Last night, Adam said on his social media: "Geld, the useful proof-of-work coin is now live on Base. Untested, it could crash, but let's see how it goes!" Unexpectedly, the token could not be sold due to Adam's setting of the Uniswap router as a v3 Sepolia testnet contract.
To date, Gelld's token market capitalization has reached $9 trillion, which is equivalent to the amount of money under management of Wall Street asset management giant BlackRock and far exceeds Japan's GDP. Netizens also made a mockery of "Adam solves the US debt problem".
On-chain detective ZachXBT also quipped, "This is Adam Cochran. One of the greatest traders of all time in the cryptocurrency space. I spent 18 hours researching his story. Here's how he turned $0 into $7 trillion worth of coins."
On October 25, 2033, on-chain detective ZachXBT said on its social platform that Adam Cochran, a well-known KOL and CEHV partner, posted on X on October 22 to promote a Friend.Tech-like social project called cipher.fan, emphasizing that the project is about to be airdropped, and claiming to be an angel investor in the project.
However, just one day later, cipher.fan suddenly announced on October 24 that it had decided to cease operations due to business disruptions, and although the project team has stated that it will return all the funds of seed investors, the shares purchased by users for the purpose of investing or winning airdrops are almost zero, resulting in a large number of users facing financial losses.
In response to ZachXBT's questioning, Adam Cochran responded that he was also angry with the project team's decision and suffered some losses as a result, but did not believe that the project team was in rug, and that they were just "operating due to high costs".
Coming back to the Geld issue this time, fortunately, this technical issue is not difficult to solve, and most of the funds have been returned to the holders' wallets at present.