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The Sniper Did Not Miss This Altcoin, Paid Bribe and Made Millions of Dollars - Coin Bulletin
An investor bought 467.64 million CULT tokens using 500 ETH (approximately $1.99 million) and has made approximately $1 million in profit so far.
This strategic move has become a noteworthy event in the crypto market according to Lookonchain's analysis.
100 ETH bribe fee from the investor
This investor paid a bribe fee of 100 ETH (approximately $398,000) to gain priority in purchasing CULT tokens and succeeded in being the first buyer. This move allowed him to surpass other buyers in the market and gave him a significant advantage.
Some of the 467.64 million CULT tokens acquired in the first move (267.64 million CULT) were sold. From this sale, the investor made a profit of 432 ETH (approximately $1.72 million). The remaining 200 million CULT tokens are currently worth 1.32 million dollars.
Total profit and strategy
The investor's net profit from the transactions so far is approximately 1 million dollars. With 200 million CULT tokens remaining unsold, the investor has the potential to earn even more profit.
This strategic buying and selling move affected both market liquidity and the price of CULT tokens. Especially the impact of large investors (whales) on the market was once again revealed.