The SOL Meme coin airdrop supported by Multicoin attracts large Ethereum gas users!

Since the second half of last year, the public chain Solana (SOL) has attracted widespread attention in the cryptocurrency market. Its high TPS (transaction processing per second) and low Gas fee (transaction fee) have become hot topics among Sol ecological users. Recently, a Meme coin called "Less Fees&Gas (LFG)" was released on the Solana blockchain. Users who have paid more than $4,269 in gas fees in the Ethereum ecosystem can receive the coin for free. The official website reads: "To our partners in the Ethereum ecosystem: We are writing to tell you that we have found the fast, secure, and decentralized future you imagined. We have even prepared a small gift to prove it. All this is real.”

SOL founder’s reply sparked heated discussion

According to our understanding, the total number of LFG tokens is 1 trillion, of which approximately 400 billion will be dispersed to approximately 38.7 Among 10,000 eligible wallet addresses. The official also set a one-month redemption period, and only eligible wallets are eligible to receive tokens.

Users need to actively claim their LFG tokens within the specified time, otherwise the unclaimed tokens will be officially destroyed after the deadline. In addition to the first airdrop, LFG also plans to conduct a second round of airdrops, focusing on users who participated in liquidity provision and received the first round of airdrops.

According to Dune statistics, more than 33,959 Ethereum users have received free airdrops. Many NFT players who once participated in the casting of Boring Ape Land have now become LFG airdrop targets because they paid high gas fees (more than 4,000Gwei) in order to compete for the casting. Although everyone initially thought this was just a meme coin on Solana, however, surprisingly, Toly, the co-founder of Solana, responded to LFG’s official tweet. This move caused the price of LFG to skyrocket by more than 50%.

Solana co-founder replied that LFG token

is actually a Multicoin project?

The reply from the co-founder of Sol attracted the attention of the market, and the background of the project team began to be carefully scrutinized. Someone discovered an interesting detail. When LFG's X account only had dozens of fans, Kyle, the founder of Multicoin Capital, had already followed the account.

At the same time, the transaction flow pool related to the LFG project has attracted up to 6 million US dollars in capital investment, which has caused market speculation that the LFG project may have some connection with Multicoin Capital. These findings triggered a brewing of market sentiment, causing the price of LFG to reach a maximum of nearly $0.00014, with a 24-hour increase of 6,377%, and a market value of nearly $100 million.

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