#ZachXBT whale profits $1.18 million#
Hot Topic Overview
Overview
In the ZachXBT whale profit event, a whale extracted 16,059 SOL ($381M) from the pool by adding and removing liquidity after the ZACHXBT token price surged. Subsequently, they transferred 16,348 SOL ($3.87M) to Wintermute. This move sparked discussions within the community, with some arguing that ZachXBT succumbed to temptation and cashed out instead of solely earning fees, resulting in a short 2-hour lifespan for the meme coin.
Ace Hot Topic Analysis
Analysis
ZachXBT, a renowned on-chain detective, created a token called ZACHXBT and transferred 500 million tokens (50% of the total supply) to his own wallet. The token's market cap surged from $8 million to $80 million in just 50 minutes. ZachXBT subsequently extracted 16,059 SOL (about $3.81 million) from the pool by adding and removing liquidity, and transferred 16,348 SOL (about $3.87 million) to Wintermute. This event sparked questions about ZachXBT, with some suggesting he exploited the trust placed in him by cashing out his own token instead of just earning fees, as many expected.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
ZachXBT cashed out by injecting one-sided liquidity, transferring $1.18 million in profits from the ZACHXBT token to a Wintermute address.
ZachXBT's actions reflect the dark jungle law of the on-chain world, where even prominent figures will cash out for profit.
The rapid rise and fall of the ZACHXBT token reflects the speculative nature of meme coins, which often have a short life cycle.
ZachXBT's move has sparked reflection on meme coins, whether people should believe in their underlying value or simply see them as speculative tools.