Meme coin attack results in $2 million loss, exploiter still has $1 million worth of Pepe’s best friend

The popular chain detective highlighted on his Telegram channel the latest fraudulent activity involving an early investor in the Solana-based meme coin: ANDY.

It’s also worth noting that the price of Pepe’s best friend has plummeted by more than 20% in the last day alone.

ZachXBT Investigation by ANDY Drainer

As the chart above demonstrates, the miner drained approximately $2 million worth of meme coins on Friday in various transactions. They started exchanging half of the illicit profits for ETH almost immediately.

However, the unknown villain still has half of ANDY’s ill-gotten gains. ZachXBT warned ANDY investors to be careful if they see any transactions from this address belonging to the drainer.

ANDY is one of the latest meme coin sensations, with a current market cap of over $200 million. It is supposed to be a spin-off of PEPE, as he is the character’s best friend in the webcomic.

As mentioned on the website and white paper, ANDY aims to be “more than just a meme. It’s a symbol of community, creativity and the limitless potential of the collective imagination.”

However, its price fell after the exploit and amid the market-wide pullback. ANDY has dropped over 22% in the last day and is now struggling at $0.00022.

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