A well-known KOL posted a picture of a dog and it turned out to be a "Pixiu plate". Netizens mocked it as "solving the US debt problem"

Well-known KOL Adam Cochran is caught up in the rug storm again.

The hype of meme coins has become the indirect main line of this cycle. Solana, base, degen and ton chains have also become the main battlefields of several dog coins. Not only the old NFT coins, artists issued coins, but also various KOLs have been on the road of issuing coins and issuing coins.

Late last night, a "god disk" Base Geld on the Base chain "came out of nowhere", and the increase in 1 hour exceeded 2 million times. Just when everyone was crazy about its trend, they found out that why they couldn't sell it?

"Pixiu disk" describes a digital currency that can only be bought but not sold. Once purchased, it can no longer be sold. If you haven't bought a Pixiu disk, your coin speculation career is incomplete. So is Base Geld, which cannot be sold, a Pixiu disk? The information on the Dextools webpage is "disagreement".

BlockBeats found that Geld claims to be a proof-of-work token, and computers have the opportunity to receive rewards when mining Geld. More importantly, the issuer of the Geld token is the well-known KOL Adam Cochran, who was the managing partner of the venture capital fund Cinneamhain Ventures. Adam has been working in the blockchain field since 2013 and has provided consulting services to multiple projects. He currently serves as an advisor to the Defi protocol Synthetix. Adam has 216,000 followers on Twitter.

Last night, Adam said on his social media: "Geld, useful proof-of-work coins are now online on Base. Untested, it may crash, but let's see how it goes!" Unexpectedly, his words came true. Because Adam set the Uniswap router to the v3 Sepolia test network contract, the token could not be sold.

So far, the market value of Geld’s tokens has reached 9 trillion US dollars, which is equivalent to the amount of funds managed by Wall Street asset management giant BlackRock and far exceeds Japan’s GDP. Netizens also mocked that “Adam has solved the US debt problem.”

Chain detective ZachXBT also sarcastically said: "This is Adam Cochran. One of the greatest traders in the history of cryptocurrency. I spent 18 hours researching his story. Here is how he turned $0 into a Coin worth $7 trillion"

And this is not the first time Adam has been involved in a rug storm. On October 25, 2033, Chain Detective ZachXBT stated on his social platform that well-known KOL and CEHV partner Adam Cochran posted on X on October 22 to promote a Friend.Tech-type social project called cipher.fan, emphasizing that the project will be airdropped soon and claiming to be an angel investor in the project.

However, only one day later, on October 24, cipher.fan suddenly announced that it had decided to stop operating due to business difficulties. Although the project team has stated that it will return the funds of all seed round investors, the shares purchased by users for investment or airdrop purposes are almost zero, causing a large number of users to face financial losses.

In response to ZachXBT's questioning, Adam Cochran responded that he was also very angry about the project team's decision and suffered certain losses as a result, but he did not think that the project team was in a rugby position, they just "failed to operate due to high costs."

Back to the Geld issue this time, fortunately this technical problem is not difficult to solve, and most of the funds have been returned to the holders' wallets.