This Gutsy Trader Made About $7M In Just 3 Hours On Heels Of SatoshiVM Token Launch
Published by
Benzinga
Benzinga
A trader with nerves of steel turned $681,000 into $6.77 million in only three hours with Satoshi Virtual Machine, a freshly-launched Bitcoin (CRYPTO: BTC) scaling solution. What Happened: Lookonchain, an on-chain analytics provider, shared the trader’s gutsy strategy: they used Banana Gun, a popular Telegram-based trading bot, to secure the very first trade upon launch of $SAVM. To do so, the trader paid a “bribe fee,” an additional incentive fee in Ethereum (CRYPTO: ETH), of 141.66 ETH, worth $353,000. This allowed the trader to grab 2.61 million $SAVM tokens, worth $6.77 million. At the tim…