#ZachXBT profited $3.89 million#
Hot Topic Overview
Overview
ZachXBT, the renowned on-chain detective, made $3.89 million from the recently created meme coin ZACHXBT, named after him. He added single-sided liquidity for the ZACHXBT/SOL pair using the 500 million ZACHXBT (50% of the total supply) he received. He then withdrew the liquidity after the price rose, gaining 16,348 SOL, which he subsequently transferred to Wintermute. This event sparked discussions about the quick profits and risks of meme coins, and it showed that even a well-known figure like ZachXBT can choose to cash out when faced with temptation, rather than simply earning transaction fees.
Ace Hot Topic Analysis
Analysis
ZachXBT, the well-known on-chain detective, recently launched a meme coin named after himself, ZACHXBT. The token quickly gained popularity after its launch, with a market capitalization exceeding $97 million. ZachXBT himself also used his influence to profit from the ZACHXBT token through unilateral liquidity injection. On-chain data shows that ZachXBT's public address has transferred 16,348 SOL, equivalent to $3.89 million, to Wintermute, the proceeds from the LP. This move sparked heated discussions in the community, with some accusing ZachXBT of cashing out using his influence, while others believe it was a justifiable market action. Regardless, ZachXBT's operation has showcased the complexity and cruelty of the on-chain world, reminding us to maintain rationality and avoid blind following when investing in meme coins.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
ZachXBT arbitraged by injecting liquidity unilaterally, transferring 16348 SOL (about $3.89 million) to Wintermute.
ZachXBT's actions suggest that even renowned on-chain detectives like him may succumb to temptation and choose to cash out instead of simply earning fees.
ZachXBT's actions have sparked a discussion about the life cycle of meme coins, with people pondering how to extend their longevity.
ZachXBT's actions also serve as a reminder that the on-chain world is a dark jungle, filled with temptation and risks.