Trader Makes $6.77 Million Profit in 3 Hours with SatoshiVM Token Launch
A crypto trader recently earned a staggering profit of $6.77 million within just three hours of the launch of the SatoshiVM token. Using the “Banana Gun” sniping tool, the trader was able to purchase the token before it launched and then sold it as the price increased, resulting in significant profits.
The Trader’s Strategy and Profits
To secure the first purchase, the trader paid a bribe fee of 141.66 ETH and invested 277.66 Ether (equivalent to $681,000) to acquire 2.61 million SAVM tokens. Later, they sold 2.16 million tokens for $4.38 million, retaining ownership of 450,000 SAVM tokens worth an estimated $3 million. In total, the trader made approximately $6.77 million in profits.
Reactions and Criticisms
The trader received praise from many individuals for their substantial wealth generated using the Banana Gun tool. However, some criticized the trader, suggesting they were a SatoshiVM developer or questioning the amount spent on bribe fees.
Introducing Banana Gun
Banana Gun is a trading tool that allows users to swiftly snipe presale tokens and engage in rapid crypto trading. Users can choose between “Manual Trade” with a 0.5% fee or “Automatic Sniper” with a fee of 0.75%. The tool has been controversial due to instances of funds disappearing after sniping activities.
The Downfall of BANANA Token
In September 2023, Banana Gun introduced its BANANA token, which initially surged to approximately $8.7 but quickly plummeted by 99% in a few hours, almost rendering it worthless. The Banana Gun team acknowledged a glitch in their smart contract system that allowed users to sell assets while retaining tax tokens in their wallets.
Hot Take: Trader Makes Millions with Banana Gun Sniping Bot
A crypto trader’s successful use of the Banana Gun sniping tool during the SatoshiVM token launch resulted in a massive profit of $6.77 million. While receiving praise for their wealth generation, the trader also faced criticism for alleged involvement with SatoshiVM and the amount spent on bribe fees. The controversial Banana Gun tool offers rapid crypto trading through manual or automatic sniping options. However, it has been surrounded by controversy due to disappearing funds. Additionally, the Banana Gun team’s BANANA token experienced a significant crash shortly after its launch. Despite undergoing audits, a glitch in the smart contract system allowed users to retain tax tokens while selling assets.
Wyatt Newson emerges as a luminary seamlessly interweaving the roles of crypto analyst, dedicated researcher, and editorial virtuoso. Within the dynamic canvas of digital currencies, Wyatt’s insights resonate like vibrant brushstrokes, capturing the attention of curious minds across diverse landscapes. His ability to untangle intricate threads of crypto intricacies harmonizes effortlessly with his editorial mastery, transmuting complexity into a compelling narrative of comprehension.