Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ETHEREUM NEWS»Crypto Trader Earned $6.7 Million in Ethereum Tokens in 3 Hours Here’s how:
ETHEREUM NEWS

Crypto Trader Earned $6.7 Million in Ethereum Tokens in 3 Hours Here’s how:

By Crypto FlexsJanuary 20, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Crypto Trader Earned .7 Million in Ethereum Tokens in 3 Hours  Here’s how:
Share
Facebook Twitter LinkedIn Pinterest Email

A cryptocurrency trader is making the rounds on social media after making over $6 million in profits on the Ethereum blockchain. This incredible trade took place in less than a day, resulting in a profit of almost 600% on whale trading. So how did they do this?

Crypto Trader Earns $6.7 Million in 3 Hours

According to Lookonchain, an on-chain data tracker, a single wallet earned nearly $7 million in its final days from a particularly hyped launch. The Satoshi VM project, a layer 2 network for the Bitcoin blockchain, launched to much fanfare on Thursday, with support from some notable influencers in the industry.

One wallet in particular took advantage of this hyped launch and paid a premium fee to snipe the launch. According to a report by Lookonchain, a trader paid a bribe fee of 141.66 ETH (about $140,000) to pre-empt the contract wallet drop.

By paying this ‘bribe’, their trade was able to get ahead of the others and the cryptocurrency trader earned 2.61 SAVM tokens for 277.66 ETH. Combined with the premium fees paid to miners, the total cost for a cryptocurrency trader would be approximately $700,000. This will turn out to be a good move as the price of the Ethereum-based token will skyrocket in the coming hours.

In just 3 hours, the trader’s total SAVM holdings increased to over $6.7 million, giving the trader a profit of over $6 million in just 3 hours. The trader will initially sell 2.16 million SAVM tokens for $4.38 million, realizing a profit of $3.6 million on this transaction.

However, as of this writing, the trader has offloaded all of his SAVM holdings, bringing his balance below zero and earning over $6 million in less than a day.

Ethereum-based SAVM is gaining attention.

The launch of the Satoshi VM (SAVM) token took the cryptocurrency community by surprise and led to a sharp rise in IDO prices. This can be attributed to the joint push of large influencers such as MacnBTC with over 450,000 followers and Crypto Kaduna with over 128,000 followers on X (formerly Twitter).

The IDO was oversubscribed with 47,000 participants registered and only a handful of people got in. For those who got in, profits soared as influencers continued to push the coin, pushing its market cap past $100 million in a matter of hours. .

As of this writing, the Ethereum-based token has reached a high of $14.8 and its market capitalization is over $150 million. At this price, IDO participants recorded a return on investment of over 250x. However, the price has since fallen back to $11.6, bringing the market capitalization to $120 million at the time of this writing.

ETH price drops below $2,500 | Source: ETHUSD on Tradingview.com

Featured image from Storyblocks, chart from Tradingview.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Enterprise Ethereum Alliance accelerates strategic vision with new leadership and board promises -Enterprise Ethereum Alliance

June 5, 2025

Checkpoint #3: June 2025 Stats Ether Leeum Foundation Blog

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Arca EXEC writes a scratch on Circle after IPO

June 6, 2025

The robot of 1x Technologies aims to revolutionize ordinary work with AI.

June 5, 2025

Trump is a magical Eden encryption wallet tie, Trump coin deep 13%

June 5, 2025

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025

The Ether Leeum Foundation summarizes a comprehensive financial policy.

June 5, 2025

Using BCC mining increases daily passive income of $ 57,700

June 5, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025
Most Popular

Dogecoin Rally Intensifies: Eyes Hitting Historic Highs

April 7, 2024

Cronos (CRO) zkEVM testnet has been successfully upgraded to ‘Tethys’.

May 21, 2024

Treasury officials have urged U.S. policymakers to take action to regulate cryptocurrencies before the next crisis hits.

January 18, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.