CHEEMS, WHY chain big players trading: one person cut his position and left, another suffered losses due to the double-team attack
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According to user @_Allan_Wei_2022, after Binance announced the launch of CHEEMS and WHY contracts, the trading situation of two major traders is as follows:
The first large-scale buy order of CHEEMS came from the address "0x94d5Dec1796404ff3544FB09461AF0bC3fb3c2F6", with a total investment of about $200,000. However, this address was unable to profit from the volatility and ultimately exited the market at a "halved" loss, suffering a severe loss.
The first large-scale buy order of WHY came from the address 0x03b7C1414857Ae0bCa09116d4A01175D4d9B86ad, with a similar investment of about $200,000. Unfortunately, the trader encountered a "sandwich attack" (a strategy of front-running and subsequent price increase) by on-chain trading bots during the trading process, and ultimately suffered a loss of $25,000 after quickly selling after the buy.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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