DWF Labs, an investment firm and digital asset market maker, has purchased 1.9 trillion LADYS, a meme token, for 108 ETH worth approximately $196,000 on Uniswap v3. Although it is unclear why DWF Labs is buying the token, there are concerns that they may be attempting to pump LADYS to liquidate and profit later.

LADYS has been drawing attention despite its lack of intrinsic utility, but its trading activity has recently cooled off despite its decent overall market capitalization of $69,219,733. The token is actively traded on MEX and Gate.io, two popular periphery cryptocurrency exchanges, and has generated over 123,000 transfers since launch.