{"id":62611,"date":"2026-01-28T13:30:50","date_gmt":"2026-01-28T10:30:50","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=62611"},"modified":"2026-01-28T13:24:25","modified_gmt":"2026-01-28T10:24:25","slug":"us-linked-wallet-launches-memecoin-crashes-97","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/us-linked-wallet-launches-memecoin-crashes-97\/","title":{"rendered":"US-Linked Wallet Launches Memecoin, Crashes 97%"},"content":{"rendered":"<p data-start=\"329\" data-end=\"575\">A wallet allegedly linked to US government\u2013seized crypto assets has sparked fresh controversy after launching a memecoin on the Solana network. The token, released via Pump.fun, lost approximately 97% of its value within its first day of trading.<\/p>\n<p data-start=\"577\" data-end=\"823\">According to onchain data, the token named John Daghita (<strong>LICK<\/strong>) briefly surged to a market capitalization of around $915,000. The rally lost momentum quickly. Within hours, LICK fell below $25,000 in market value, marking a sharp collapse.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/us-linked-wallet-launches-memecoin-crashes-97\/#Low-Volume_Buys_Rapid_Price_Spike\" title=\"Low-Volume Buys, Rapid Price Spike\">Low-Volume Buys, Rapid Price Spike<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/us-linked-wallet-launches-memecoin-crashes-97\/#40_of_Supply_Concentrated_in_One_Wallet\" title=\"40% of Supply Concentrated in One Wallet\">40% of Supply Concentrated in One Wallet<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/us-linked-wallet-launches-memecoin-crashes-97\/#One_of_2025s_Harshest_Comparisons_WOLF\" title=\"One of 2025\u2019s Harshest Comparisons: WOLF\">One of 2025\u2019s Harshest Comparisons: WOLF<\/a><\/li><\/ul><\/nav><\/div>\n<h3 data-start=\"825\" data-end=\"863\"><span class=\"ez-toc-section\" id=\"Low-Volume_Buys_Rapid_Price_Spike\"><\/span>Low-Volume Buys, Rapid Price Spike<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"865\" data-end=\"1148\"><strong>Pump.fun<\/strong> data shows that while the token was still trading below a $21,000 market cap, the deployer address executed four separate purchases.These transactions indicate that a limited number of wallets drove the early price action, rather than organic market demand.<\/p>\n<p data-start=\"865\" data-end=\"1148\">Blockchain investigator ZachXBT claims that wallets linked to LICK connect to crypto assets seized by the US government in 2024 and 2025. He says these wallets collectively control tens of millions of dollars in crypto.<\/p>\n<h3 data-start=\"1402\" data-end=\"1446\"><span class=\"ez-toc-section\" id=\"40_of_Supply_Concentrated_in_One_Wallet\"><\/span>40% of Supply Concentrated in One Wallet<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1448\" data-end=\"1785\">Blockchain analytics platform Bubblemaps reported that 40% of LICK\u2019s total supply was held by a single wallet at launch. Market participants widely view such concentration as a classic indicator of \u201csniping\u201d or insider dumping risk. In early-stage token launches, high supply concentration often enables sudden liquidity withdrawals.<\/p>\n<p data-start=\"1787\" data-end=\"2041\">Bubblemaps stated that <em data-start=\"1810\" data-end=\"1950\">John Daghita, allegedly connected to $40 million stolen from the US government, launched $LICK on Pump.fun while holding 40% of the supply<\/em>. High token concentration frequently precedes coordinated sell-offs or rug pull scenarios.<\/p>\n<h3 data-start=\"2043\" data-end=\"2087\"><span class=\"ez-toc-section\" id=\"One_of_2025s_Harshest_Comparisons_WOLF\"><\/span>One of 2025\u2019s Harshest Comparisons: WOLF<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"2089\" data-end=\"2414\">The incident has once again highlighted how vulnerable memecoin launchpad models can be to abuse. Allegations that John Daghita accessed government-controlled wallets tied to his father, Dean Daghita, president of Command Services &amp; Support (CMDSS), point less to technical hacking and more to potential authority misuse.<\/p>\n<p data-start=\"2416\" data-end=\"2758\">Market observers increasingly view these operations as attempts to launder seized or stolen funds. In March 2025, the Wolf of Wall Street\u2013themed WOLF token collapsed 99% within hours, erasing nearly $42 million in market value.<\/p>\n<p data-start=\"2760\" data-end=\"3023\">The WOLF token was launched by Hayden Davis, co-creator of the Official <a href=\"https:\/\/coinengineer.net\/blog\/surprise-in-the-memecoin-world-melania-trump-reintroduces-it\/\">Melania<\/a> Meme (MELANIA) and Libra tokens, who controlled 80% of the supply at genesis. Together, these cases underscore the extreme risks posed by opaque tokenomics in the memecoin market.<\/p>\n<p data-start=\"2760\" data-end=\"3023\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\">Telegram,<\/a>\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\">YouTube<\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\">Twitter<\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A wallet allegedly linked to US government\u2013seized crypto assets has sparked fresh controversy after launching a memecoin on the Solana network. The token, released via Pump.fun, lost approximately 97% of its value within its first day of trading. According to onchain data, the token named John Daghita (LICK) briefly surged to a market capitalization of<\/p>\n","protected":false},"author":36,"featured_media":62612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[],"class_list":["post-62611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US-Linked Wallet Launches Memecoin, Crashes 97% - Coin Engineer<\/title>\n<meta name=\"description\" content=\"LICK memecoin linked to a suspected US seizure wallet launched on Pump.fun and collapsed on day one. 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