A figure known online as “Lick” (real name John Daghita), accused of stealing over $40 million (with some estimates up to $90M) in cryptocurrency from U.S. government-seized wallets, has launched a highly controversial memecoin on Solana named $LICK — turning a serious federal investigation into a wild mix of degeneracy, speculation, and outright risk in the memecoin arena.
According to blockchain investigator ZachXBT’s detailed thread and subsequent reports, John Daghita allegedly gained access through his father’s company (CMDSS), which holds a government contract for managing forfeited crypto assets. The thefts involved sophisticated drains from official seizure wallets between 2024 and 2025.
Rather than staying silent, the accused launched $LICK on pump.fun with a narrative leaning into the infamy. The token quickly hit Raydium after filling the bonding curve, but the dev wallet reportedly retained around 40% of supply — sparking immediate rug pull fears and no confirmed renunciation or liquidity lock.
The token experienced a rapid pump, briefly reaching around $915K market cap amid hype from the backstory, before a sharp dump triggered a 97% crash overnight as profit-taking and sell pressure hit hard.
The launch has deeply divided the Solana meme community: some degens piled in for the controversial narrative and quick flip potential, while most others slammed it as reckless promotion of alleged crime, warning of high rug risk, potential bans, and incoming regulatory scrutiny.
Solana’s low fees and rapid deployment once again spotlight why it dominates wild, high-volatility memecoin launches — for better or worse.
To stay ahead of controversial memecoin launches tied to real-world drama and get real-time alerts on pumps, dumps, and potential rug risks, be sure to follow our WhatsApp channel for instant updates and cautious insights.
Whether viewed as ultimate crypto chaos or a blatant red flag, $LICK’s wild ride highlights how quickly scandal can fuel virality— and crashes — in the meme meta.
The saga continues to generate heated reactions across platforms. Connect with us and join the debate. Follow us on TikTok, YouTube, X, and Instagram.
#LICK #SolanaMeme #CryptoTheft #Memecoin #ZachXBT #CryptoNews
Is $LICK the riskiest play in recent memecoin history, or just another example of Solana turning controversy into short-lived pumps? Share your hot take in the comments below. Bookmark the site and always return to www.Token10x.blog for the latest crypto news and market insights. Visit our homepage now!