One crypto trader has been making the rounds on social media after making more than $6 million in profit on the Ethereum blockchain. This incredible trade took place in less than a day, translating to an almost 600% gain for the whale trade. So how did they do this?
Crypto Trader Makes $6.7 Million In 3 Hours
According to Lookonchain, an on-chain data tracker, a single wallet has made almost $7 million off a particularly hyped launch in the last day. The project, Satoshi VM which is a Layer 2 network for the Bitcoin blockchain, launched on Thursday amid much fanfare as it was shilled by some notable influencers in the space.
One wallet, in particular, took advantage of this hyped launch and paid a premium fee to snipe the launch. As Lookonchain reports, the trader paid a bribe fee of 141.66 ETH (around $140,000) to front-run the contract wallet drop.
By paying this ‘bribe’, their transaction was able to go ahead of others, and the crypto trader acquired 2.61 SAVM tokens for 277.66
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