TechFlow reports that on November 5, notzachxbt posted on social media revealing that prominent on-chain investigator ZachXBT deployed an ERC-20z token on the Base network on August 19, 2024. The token automatically created a liquidity pool via the Zora protocol and is part of ZachXBT's latest investigative report, utilizing Zora's new standard.
About 2,800 tokens were minted. After minting concluded, the contract automatically deployed these tokens along with a portion of ETH into a locked liquidity pool. All fees generated belong to ZachXBT.
The token’s market cap remained below $10,000 during the first two weeks after minting, then began attracting trader attention. Currently, the token price has reached $1,100—over 3,000 times higher than its initial mint price. Most of the liquidity pool is controlled by a DAO multisig wallet.
A community has formed around the token among supporters of ZachXBT, creating memes, Telegram groups, and Twitter accounts, and even bridging the token to the Solana network for trading.
