The market cap of $LAMBOW recently dumped. Markets are red across the board with most projects down. We saw the same thing with our project. And after most of the jeeters exited we had floor of around $450k.

So when we saw the market cap of $LAMBOW hit $270k, we knew something was off.

We track the wallets buying and selling and we saw that a big sell had just come through.

We looked at the wallet that sold and saw that it had transferred the tokens from a wallet we had used to send a KOL their tokens to be part of the project.

LFG Brothers had dumped 100% of their tokens on the same day the deal was done.

The suggestion to work with @lfgbrothers (450k followers on X) came through one of the $LAMBOW whales - who had heard they had helped pump $JASON from $6M to $10M mc.

I want to be clear here: we are not blaming the whale at all (and I can confirm the whale is still holding) - I am just noting that we take on all suggestions and follow them through. In fact, some of the best ideas have come from our whales and we working with our whales on a daily basis to grow the project.

Here's the timeline...

We started the conversation on X (for verification) on July 22:

We went back and forth - asking him questions about his previous performance:

And how they worked with other projects:

Once we were comfortable, we moved the conversion to Telegram:

We confirmed the deal and the wallet address:

And we made the payment (confirming that he will be careful if he sells any tokens):

He then added $LAMBOW to their profile:

And requested artwork for the partnership:

And then he confirmed that he will make the first post when he wakes up:

That was the last time we heard from him.

We followed up a few times (as you can see from the last screenshot above) and also followed up on X:

Then, around 10 hours after we transferred the tokens to LFG Brothers, we noticed the market cap on $LAMBOW had gone from $420k to $320k.

So we checked the wallet that had sold and it was a wallet that was transferred the tokens we had sent to LFG Brothers.

This was our transaction to the LFG Brothers wallet:

This is his wallet transferring it to the wallet that sold:

And this is the wallet that sold all 9.2M tokens:

And he did all this for $3500.

Before he dumped his tokens, the market cap was sitting at around $420k. Not high but holding a floor above $400k.

The reason we made this deal was to drive more volume to the project so we can get more eyes on us and get more buyers in.

Yes, the markets were red but we are always pushing ahead, moving forward.

When he dumped the full 9.2M tokens, the market cap dropped to 320k.

That then led to one of the big early holders getting spooked and selling another 12M of tokens on the market. That tanked the price even further.

We are engaging with our community about what has happened as we believe in transparency.

But when a KOL takes tokens in exchange for services, and just dumps the tokens without any consideration to the project, the community and their impact on people's lives - we need to call it out. This is theft.

The strategy has not changed. The plan has not changed. And we continue to execute regardless of what happens with the charts. But it's people like this that give a bad name to the industry.

There is a concept of PVP (player vs player) in crypto which basically means that you do anything you can so you win and somebody else loses.

Sometimes it's projects that rug. Sometimes it's people who steal from you. Sometimes it's people who take your money and don't do what they say they will.

It's challenging with KOLs because they are great to have on your project but nobody trusts anyone in this game.

KOLs want their tokens up front because they don't trust that projects will do what they say. And projects want to get some type of confirmation that the KOL will do what they say before they transfer any tokens.

In any transaction, somebody needs to take the risk - the challenge with crypto is that somebody needs to put trust into somebody else, and trust is a rare commodity these days.

We are here to build. We are here for the community. And we are very bullish on the future of $LAMBOW. This is a reminder that even if you do everything right, people can still do the wrong thing by you.

That's why we are so happy to be on Base.

Here are the tenets of Base:

Do the right thing.

Work hard.

Be optimistic.

Put the team over the individual.

Push boundaries with creativity. 

If anything, this experience has galvanized our resolve.

This post has been written to both let the community know what happened and make sure that no other project does business with LFG Brothers.