#ZachXBT Removes Liquidity Pool, Profits#
Hot Topic Overview
Overview
In the ZachXBT liquidity pool profit event, ZachXBT received 500 million ZACHXBT tokens and used them to add single-sided liquidity to the ZACHXBT/SOL pool. After the price of ZACHXBT surged, ZachXBT withdrew approximately 91.19 million ZACHXBT and 15,000 SOL from the liquidity pool, worth approximately $3.74 million. Subsequently, ZachXBT transferred 16,348 SOL from the LP profits to Wintermute, worth approximately $3.89 million. This series of actions sparked discussions within the community. Some believe that ZachXBT should only earn transaction fees and not cash out, while others believe that ZachXBT made a rational choice in the face of temptation.
Ace Hot Topic Analysis
Analysis
In the ZachXBT liquidity pool profit event, after receiving 500 million ZACHXBT tokens, ZachXBT used them to add one-sided liquidity to the ZACHXBT/SOL pool. After the price of the token surged, they withdrew approximately 91.19 million ZACHXBT and 15,000 SOL from the pool, totaling around $3.74 million. Subsequently, ZachXBT transferred 16,348 SOL, the LP profit, to Wintermute, equivalent to approximately $3.89 million. This action sparked debate within the community. Some argued that ZachXBT should only profit from transaction fees, not cash out, while others believed that cashing out first in the face of temptation was a wise decision for ZachXBT.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
ZachXBT removing liquidity pool profits is a typical "dark forest" behavior. Even a well-known on-chain detective like ZachXBT will prioritize cashing out rather than letting the meme coin's life cycle be short for the benefit of the community.
ZachXBT converted his ZACHXBT tokens into SOL by injecting one-sided liquidity, and eventually transferred the SOL to Wintermute, gaining significant profits.
ZachXBT's actions have sparked reflection on meme coins, reminding people to stay rational when investing in meme coins, not blindly follow the hype, and not believe in "faith" rhetoric.
ZachXBT's actions also reflect the complexity of the on-chain world, where even positive figures may make unexpected choices in the face of profit.