An unknown trader has increased his deposit by 130 times by trading the Ethervista (VISTA) token. He managed to turn the initial $5,000 into $670,000 in just 48 hours, according to the analytics company Arkham.
$5K TO $670K ON ETHERVISTA IN JUST 48 HOURS
Trader 0x430 bought the launch of @ethervistaspending $5K to secure just over 5% of the supply.
He distributed his VISTA holdings across 7 different wallets to sell them off, and after 2 days realized over $670K of profit into ETH.… pic.twitter.com/CdAXlE1XRO
— Arkham (@ArkhamIntel) September 3, 2024
Note that VISTA is a token of the decentralized exchange EtherVista. Experts added that the trader managed to acquire assets shortly after the platform was launched. According to them, the investor bought more than 5% of the total asset supply.
Arkham also said that the investor had divided his stocks between seven different wallets in order to sell them later.
Under the post by experts on X (formerly Twitter) a participant in the discussion assumedthat only an insider can invest $5,000 in a new token and then wait for a pump for several days.
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Source: Cryptocurrency
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