Memecoin influencer Mika posted the private key of her dev wallet on X on Wednesday evening, instead of the contract address of her new coin Free Mika (MIKA). The key went public at 17:40:09 UTC, and with it anyone could empty the wallet. 81 seconds later, 500.4 million MIKA had been pulled out, half of the entire supply, and seven seconds after that they were sold for 376.9 SOL, roughly $38,000. The price fell 99%. Every one of these steps is public on the Solana blockchain, and the timeline below links each transaction.
Mika goes by @mikadontlouz on X, has 126,600 followers and is a well-known voice from the so-called trenches. That is what the scene calls the corner of Solana where thousands of new memecoins launch every day on Pump.fun, many of them gone within minutes. Less than half an hour later, her next coin was already live. This has little to do with investing: whoever buys here is betting on being faster than the bots.
It all happened in an already weak week. A day later the Read Entire Article
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