What might look like yet another hyped-up memecoin is, in fact, a very orchestrated operation. The meme in question is clearly being pumped by someone, and the way it is being pumped is, frankly, a bit concerning.
For those of you who aren’t familiar with the term, “FOMO” describes the anxiety that potential buyers might experience when they see the price of an asset rising and worry that they might miss out on the chance to get in on it.
This is basically the opposite of “taking profits” at market tops.
Although memecoins on Solana typically go up and down based purely on how viral they are, the $ACID situation sheds light on something much more sinister: an insider scheme that used bonding curves, supply-locking strategies, and wallet synchronization to make it look like $ACID had real demand, all while it was really just draining retail investors of their hard-earned cash.
The Blueprint: Buying the Curve, Faking Scarcity, and Controlling Momentum
This scheme’s foundation was laid when 13 wallets completely purchased the $ACID bonding curve for just $12,290. Not one sell was executed on that curve during the process. Why? These wallets weren’t typical purchasers—they were insiders who already had control over the token’s supply.
Rather than distributing tokens directly to the open market in the usual manner, the team employed a crucial tactic: they used Streamflow, a vesting protocol, to lock up 400 million $ACID tokens. This, one might surmise, could signal to investors the project’s intention to keep the tokens safe for long-term use. In fact, it was much closer to the SFF (Secret Feigned Friendship) mode of operation familiar from the Bitcoin and Ethereum days.
As the market supply became constrained, the team could see their charts starting to work, and it was time to go to the next phase. They remained in the harness of “liquid” unregistered tokens that could be used to pump new buying cycles, and now they could utilize those tokens to drive the price artificially higher. By the time all was said and done, this was the pump’s handiwork and how the price went up that high. Now let’s look at some clues to this reverse engineering of how to go to a new price top.
The Wallet Trail: Breaking Down the Profits
Taking a closer look at the wallets involved reveals a stark picture of coordination and the earnings involved.
Wallet 8kcB…DtF, dubbed “The Market Maker,” first laid out $770 to procure 63.2 million $ACID tokens. It went on to offload 6.2 million tokens, to the tune of $37,200; 18 million via another wallet for $190,200; and 9.96 million through a third wallet for $74,000. To prevent prices from sinking, it pushed another $103,300 back into the market to reacquire 8.5 million tokens. What was its net pay-off, on the whole? Around $197,150.
Wallet 3zmp…93MB (“Market Maker 2”) spent $1,330 on 84.2 million tokens. They sold 21 million for $199,400, then rebought 14.8 million for $142,800 to simulate a recovery. Their net profit? Roughly $55,070.
Wallet 96UD…Y7q (“Market Maker 3”) placed a mere $1,700 into the bonding curve to seize 54.5 million tokens. Blasting off with the sales of 22.6 million tokens at a price of $229,000, and on the purchases of another 6.8 million tokens at a cost of $91,200, they sent $135,600 on a direct flight to Binance, with the endgame being a cash-out and a gain of $136,100.
It was truly a “make it rain” moment for Binance.
They aren’t plays we are speculating on. They are methodical extractions—executed with discipline, patience, and a clear intent to siphon liquidity.
It’s Not Over: More Supply Waiting in the Wings
Even with the recent dumping, the heist persists. Tallying the on-chain data shows that at least 400 million $ACID tokens remain ensconced in Streamflow, while a substantial number still sits in other unlocked wallets and awaits ready buyers. Wallets like 55JH…V6a (38.2 million), 3Zif…BD9s (17 million), and 6LVP…BQa (23.1 million) haven’t completed liquidating their holdings, and they’re not even close.
This might be one of the cleanest, most strategic on-chain heists you’ll see this week.
They bought the bonding curve for $12.29K and have extracted over $400K from holders.
Let’s break down the $ACID blueprint and how this team keeps pumping and dumping the chart using the… pic.twitter.com/DrGzBjBMxo
— Stalkchain (@StalkHQ) June 25, 2025
The strategy continues to hold:
1. Acquire the entire bonding curve to manage the first supply.
2. Fake scarcity needs to be created by locking up a lot of tokens.
3. Use what remains to pump and dump in cycles.
4. Repurchase from retail investors to maintain the chart.
5. Carry on with this process until the liquidity is gone.
The playbook is uncomfortably effective—and it’s being used time and again by different projects on Solana. It should concern you if you’re a holder of any of these projects. In a nutshell, what these projects are doing is effectively running a perpetual motion machine: they sell you tokens, but they don’t actually sell you those tokens. Instead, they promise to sell you those tokens but then do all kinds of fancy accounting to make it seem like they did actually sell you those tokens, even though you can’t actually use them because they’re promised to be held in lockup until various future dates.
Conclusion
ACID wasn’t merely a memecoin trying to hit the moon. It was something far worse: a coordinated and largely successful effort to siphon off the liquidity of naive investors. Who were the organizers? We can only guess, but the lack of identifiable humans suggests they were probably functioning as some sort of Hydra, either with or without heads. In the memecoin sector, this isn’t just a case study. It’s a pretty good warning sign for the future.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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