#ZachXBT profited $3.89 million#
Hot Topic Overview
Overview
ZachXBT created a token called ZACHXBT and transferred 50% of its supply (500 million tokens) to his own wallet. He extracted 16,059 SOL (approximately $3.81 million) from the pool by adding and removing liquidity, then transferred 16,348 SOL (approximately $3.89 million) to Wintermute. This series of actions shows ZachXBT's choices when faced with temptation, prioritizing cashing out over simply earning transaction fees, ultimately leading to ZACHXBT's life cycle lasting only two hours.
Ace Hot Topic Analysis
Analysis
ZachXBT, the renowned on-chain detective, recently launched a meme coin named after himself, ZACHXBT. The coin quickly gained popularity after its launch, with its market cap exceeding $97 million at one point. ZachXBT leveraged his influence to add $500 million ZACHXBT (50% of the total supply) as single-sided liquidity for ZACHXBT/SOL, profiting from the move. Subsequently, he transferred 16,348 SOL (approximately $3.89 million) to Wintermute, suspected to be for an over-the-counter (OTC) trade. This action sparked discussions in the community, with some believing ZachXBT was cashing out using his influence, while others saw it as a rational decision for an on-chain detective. Regardless, ZachXBT's actions serve as a lesson that even positive figures in the on-chain world are not immune to the allure of profit.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
ZachXBT transferred 16348 SOL (about $3.89 million) to Wintermute through unilateral liquidity injection arbitrage.
ZachXBT's behavior shows that even on-chain detectives will cash out first when faced with temptation, instead of just earning fees.
ZACHXBT's life cycle was short, lasting only a few hours.
ZACHXBT's market cap rose rapidly in a short period of time, then fell rapidly.