A cryptocurrency wallet, allegedly linked to a theft from US government-controlled crypto holdings, launched a Solana-based memecoin named John Daghita (LICK) on the Pump.fun platform. The token experienced a dramatic 97% crash shortly after its launch, raising concerns about memecoin launch practices and onchain token distribution risks. Initially reaching a market capitalization of approximately $915,000, the token's value fell below $25,000 within a day. Blockchain investigator ZachXBT traced wallets connected to John Daghita, reportedly holding tens of millions in crypto assets believed to be tied to US government seizures in 2024 and 2025. The US Marshals Service confirmed an investigation is underway. The token's deployer held 40% of the total supply at launch, a concentration level often seen as a red flag for potential rug pulls or coordinated sell-offs.