A crypto trader earn $6.77 million in profits within three hours of the SatoshiVM token launch. Utilizing the Banana Gun sniping tool, this trader swiftly acquired a significant quantity of SAVM tokens during the token’s launch and capitalized on the escalating prices by promptly selling them.
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Utilizing the Banana Gun Snipping tool during the SatoshiVM Token Launch
The identity of the crypto trader, who achieved this remarkable feat, remains undisclosed. This trader harnessed the capabilities of the Banana Gun sniping tool, positioning themselves as one of the first to secure SAVM tokens during the initial offering.
Banana Gun, introduced to the market in September 2023, has garnered notoriety for its adeptness in sniping presale tokens and executing rapid cryptocurrency trades. The platform provides users with the option of “Manual Trade” and “Automatic Sniper” modes, each with its fee structure.
Manual trades incur a 0.5% fee, while the automatic sniper feature charges a slightly higher fee of 0.75%.
To secure a substantial stake in SAVM tokens, the trader initiated a purchase of 2.61 million tokens, equivalent to 277.66 Ether (ETH), valued at approximately $681,000 during the transaction, using the Banana Gun trading bot. This early acquisition laid the groundwork for the trader’s noteworthy financial gains, positioning them to capitalize on the subsequent price surge.
Unexpected Price Plunge and Developer’s Explanation
The excitement surrounding the SAVM token launch was short-lived, as the token’s price plummeted by an astounding 99% within a mere three hours. The project developers attributed this abrupt crash to a bug in the system.
This unforeseen turn of events highlighted the risks associated with early-stage crypto investments, even for experienced traders leveraging advanced tools such as Banana Gun.
Since its launch, Banana Gun has not been without controversy, with reports of mysterious vanishing funds following sniping activities, raising concerns within the crypto community regarding the trustworthiness of such tools and their potential implications for market stability.
Trader’s Strategic Sniping and Subsequent Profit
The trader employed a sniping strategy, allocating 141.66 ETH to secure the first position in acquiring SAVM tokens during the launch. This strategic move enabled the trader to amass over 2.5 million tokens, setting the stage for substantial profits.
Subsequently, the trader sold 2.16 million SAVM tokens, yielding an impressive $4.38 million. As of the latest update, the trader holds 450,000 SAVM tokens, estimated to be worth $3 million. Collectively, this trader has accrued an astonishing profit of approximately $6.77 million in just three hours.
Conclusion
To conclude, a crypto trader used the Banana Gun sniping tool during the SatoshiVM token launch resulted in an impressive $6.77 million profit within three hours. This success, however, emphasizes the unpredictable nature of early-stage investments and the inherent risks associated with cutting-edge trading tools in the cryptocurrency space.
Note: It’s a research based article not a financial advice.
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