ChainCatcher reported that on-chain analyst Ember monitored the launch of the TAIWAN meme token by Huang Licheng on Robinhood Chain. Ember said Huang later spent about 16,700 USDC to buy roughly 27.56 million TAIWAN tokens during the evening. The purchase was valued at about $600,000 based on the market value cited in the report. Ember advised against participating in the token, citing Huang’s previous launches of meme tokens. Ember also referred to Bobaoppa, a meme coin Huang launched for his dog in 2024. The project raised about 220,000 SOL, worth roughly $40 million, but only about 60,000 SOL was added to the liquidity pool. The remaining SOL was retained for personal use, according to Ember’s monitoring. Bobaoppa also carried an approximately 8.75% transaction tax. The token has now nearly fallen to zero, the report said.
ChainCatcher reported that on-chain analyst Ember monitored Huang Licheng’s launch of the TAIWAN meme token on Robinhood Chain.
Ember said Huang spent about 16,700 USDC during the evening to buy roughly 27.56 million TAIWAN tokens. The purchase was valued at about $600,000.
Ember advises against participation
Ember said he does not recommend participating in the token, citing Huang’s previous launches of meme tokens.
Ember also referred to Bobaoppa, a meme coin Huang launched for his dog in 2024. The project raised about 220,000 SOL, worth roughly $40 million, but only about 60,000 SOL was added to the liquidity pool. The remaining SOL was retained for personal use, according to Ember’s monitoring. Bobaoppa also had an approximately 8.75% transaction tax. The token has now nearly fallen to zero.
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