On-chain data monitoring shows that a certain DOYR issuing address has densely issued 3333 MEME coins over 187 days, with short-term profits exceeding $350,000. Interestingly, further address association tracking reveals that things are not so simple — the other two wallets linked to this address are also active. One associated address issued another 3445 MEME coins, earning $260,000; another address issued 2744 MEME coins, with profits reaching $480,000.

What is even more noteworthy? The profits from these three addresses ultimately flowed into the same consolidation wallet, which then deposited a large sum into a major exchange, exceeding one million dollars. This pattern has become a common tactic among MEME coin issuers — dispersing coin issuance across multiple addresses to evade monitoring, using different marketing angles to attract retail investors, and finally consolidating the funds for a unified exit through a collection wallet.

Data indicates that the profits from this type of arbitrage mainly come from retail participants in the Chinese community, reflecting the level of engagement of domestic investors in the MEME coin craze. For ordinary investors, this kind of case serves as a good reminder — projects that seem different on the surface may actually be operated by the same group of people, and large fund inflows and outflows often reveal more truth than the project narratives.