Addresses with huge profits from holding PEPE and LADYS have been blacklisted by the token contract deployer

According to ChainCatcher news, on-chain data shows that the Meme Coin projects PEPE and LADYS have large profit addresses (0xaf2358…ddf54534) blacklisted by the respective Token contract deployers, preventing them from selling to realize profits. The total value of PEPE and LADYS held by this address is close to 8 million dollars.

Previously, software engineer cygaar posted on social media stating that he discovered a blacklist feature in the PEPE contract that can prevent someone from receiving or sending PEPE. Addresses starting with "0xAf23" have been blacklisted by the PEPE contract deployer, and the over 25 trillion PEPE owned by that address has been permanently locked. This address purchased PEPE within a few hours after the Uniswap trading pair launched, and was blacklisted by the PEPE deployer 8 minutes after the purchase. No other addresses have been blacklisted. Since the ownership of the contract has been relinquished, the blacklist can never be modified. The contract has a burn function but no further minting capability. The PEPE held by the blacklisted address can also be considered permanently locked. (Source link)