SNEAK PEEK
- A trader has gained $240K and become the fifth holder of $WSB.
- After reaching an all-time high, WSB’s price dropped around 40%.
- MACD and MFI hint at a bearish trend though the oversold market represents buying opportunities.
After missing out on PEPE, the current sensation, a trader discovered WSB just six minutes later and used the opportunity to earn benefits on May 3. He bought 1.9 billion WB for 6 ETH as well as sold 500 million WSB for 38 ETH after 15 minutes.
After doing so, he bought 608 million WSB yet again at an expense of 24 ETH and sold 613.4 million WSB for 123 ETH. Upon earning over 131 ETH ($240K) and with 1.4T WSB ($476K), he is now the fifth biggest holder of WSB.
1/ This guy missed $PEPE but discovered $WSB 6 mins after $WSB was listed and bought $WSB.
He currently holds 1.4T $WSB ($476K) and is the 5th holder of $WSB.
And he has realized a profit of ~131 $ETH ($240K)!https://t.co/fyRkdBILf3 pic.twitter.com/Uwa4xBkcSn
— Lookonchain (@lookonchain) May 3, 2023
Soon after the tweet, users came forward with their reactions. For instance, one user said that if all this purchase and selling was done on $PEPE, the millionaire guy would have become a billionaire by now.
Another user tweeted that the guy in question funded the wallet with 30 ETH from Binance.
As per recent market activity, WSB token has fallen 90% during the last 24 hours after a large amount of WSB was dumped by an insider who seems to be closely associated with the project.
On May 4, blockchain sleuth @Zachxbt warned holders that @zjzWSB had dumped a massive part of the WSB team supply for $635K.
Another day another meme coin rug this time involving ZJZ.eth from @wsbcoinofficial who suddenly dumped a large portion of the WSB team supply for $635k (334 ETH)
In Nov 2022 he messaged me
“I guess we should have been greedy amoral bastards instead 😔” pic.twitter.com/b9mfrZv0CD
— ZachXBT (@zachxbt) May 4, 2023
Previously, community members of crypto Twitter got an airdrop of over 7 ETH worth of WSB tokens just for pasting their crypto wallet addresses on @WSBmod’s tweet.
As a result, the tokens went viral on crypto Twitter with holders indicating the “official, unofficial token” to be another jump in the proceeding meme coin craze.
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- Source: https://investorbites.com/missed-out-on-pepe-wsb-trader-gains-240k-to-become-a-millionaire/
