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Oomerbot, a service used to inflate the holder count of memecoins, is responsible for ~49% of today's daily active addresses on Base Chain
h/t @smyyguy
18.7. klo 01.20
Looks like someone is doing some stress testing on Base👀
There is a series of addresses that ran over 7.5 million txns in aggregate since July 1, and is responsible for over 13% of transactions on Base today. They are all funded or directly tied to a single address
The activity has driven single-block TPS north of 1,000 TPS on a few occasions
Many of the addresses follow this pattern:
> mass-distributor funds wallets with ETH
> swap <$0.001 of ETH for random memecoin
> send 80% of remaining ETH to collector addy 1
> send remaining 20% of ETH to collector addy 2
This is pretty on par with what I see on other chains like Solana where the goal is to increase the number of holders of a memecoin, since there are traders that treat this metric as "signal"
But not all the addresses follow the same pattern, some have much different behavior
The initial mass funding address is 0xdA3A07bB58A4db185f95Ada2522aa2944a4a3b3e, which appears tied to "oomerbot" - a telegram bot that offers tools for creating activity around certain memecoins
It offers very specific... features
About $10k has been spent on gas across the 7.5m involved transactions, so the user(s) must be convinced there is a payoff at the end of this
Im still looking deeper on this, lmk if anyone finds anything
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"Under such an expansive reading of both IEEPA’s text and criminal liability more broadly, software developers would be at the mercy of the government’s vast and potentially unbounded discretion," chilling First Amendment activity and discouraging the development of privacy software.
This case will decide the future of the Internet.
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