Throughout more than a week’s worth of GTA 6 gameplay leaks, one thing that has especially soured the whole experience is the leaker’s repeated, tiresome attempts to push a memecoin. Cyberleek, as the person or group is known, has covered each of the 15 unauthorized clips they’ve released of the game with watermarks, a combination of half-assed messaging about the loss of physical media and, far more prominently, a QR code alongside thirsty begging for people to buy into a crypto token called $CYBERLEEK. Now, ahead of the official reveal of Grand Theft Auto VI on Netflix later this afternoon, it seems the grift might be coming to an end. Ahead of the official reveal on Netflix, Cyberleek has reportedly pulled out $250,000, seemingly leaving the coin in freefall, and strongly suggesting that the leaks are done.

According to a breakdown by GTAForums poster Vice Cit, who has been documenting Cyberleek’s crypto actions since August 20, Cyberleek transferred close to $250,000 in the early hours of August 27 into various cyber wallets, leading the coin’s value to plummet. However, rather than this representing a typical rug pull, it seems a slightly more cunning method may have been used to increase the value of the coin ahead of today’s withdrawals.

Memecoins inevitably follow a pattern. A novel coin is minted, those with inside information buy it up at a low price to create the impression of an investable opportunity, they then sell a proportion of these to those interested by this for a far higher price, eventually cashing out their reserves at what they assume will be the coin’s peak.

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