#ZachXBT cashed out for a profit of $1.18 million.#
Hot Topic Overview
Overview
ZachXBT cashed out for $1.18 million, selling 41 million ZACHXBT at $0.06943, earning about 4,886.88 SOL, equivalent to $1.18 million. Previously, after receiving 500 million tokens from Dev distribution, ZachXBT used all the tokens to add unilateral liquidity to ZACHXBT/SOL, and withdrew about 91.19 million ZACHXBT and 15,000 SOL, equivalent to $3.74 million. Subsequently, ZachXBT transferred 16,348 SOL from LP gains to Wintermute, equivalent to $3.89 million. This incident sparked discussions in the community about ZachXBT, some believe he took advantage of the community's enthusiasm, while others believe he simply took advantage of market opportunities.
Ace Hot Topic Analysis
Analysis
ZachXBT's liquidation of $1.18 million in profits has drawn widespread attention. According to on-chain analyst Ai Yi, a large-fund investor liquidated 41 million ZACHXBT at a price of $0.06943, realizing a profit of about 4886.88 SOL (about $1.18 million), with a cost price of $0.04043. The sell-off directly caused the price of ZACHXBT to plummet to $0.02134.Previously, ZachXBT's public address investigations.sol, after receiving 500 million tokens (50% of the total) from Dev distribution, used all the tokens at 15:54 to add unilateral liquidity for ZACHXBT/SOL, and then withdrew about 91.19 million ZACHXBT and 15,000 SOL (about $3.74 million) from the liquidity pool. After the price of ZACHXBT rose sharply, a large number of similar Meme Coins were sent to the ZachXBT address, and ZachXBT also added similar Tokens to unilateral liquidity.ZachXBT's public address investigations.sol has transferred 16,348 SOL of LP profits to Wintermute, about $3.89 million.This incident has sparked reflection on the concept of on-chain detective Meme coins, and also reminded people to stay rational in the face of temptation and not blindly follow the trend.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
ZachXBT exploited the single-sided liquidity injection to cash out and transferred his profits to Wintermute, demonstrating the dark forest law of the on-chain world.
ZachXBT's actions show that even renowned on-chain detectives will choose to cash out first when faced with temptation, rather than just earning transaction fees.
ZachXBT's actions have sparked reflection on the lifecycle of meme coins and reminded people that the on-chain world is full of risks.
ZachXBT's actions also reflect the rapid changes in the on-chain world and people's pursuit of new things and new opportunities.