{"id":14649,"date":"2024-06-25T10:25:54","date_gmt":"2024-06-25T07:25:54","guid":{"rendered":"https:\/\/forklog.com\/en\/trader-nets-2-9-million-in-20-minutes-on-meme-coin-water\/"},"modified":"2024-06-25T10:25:54","modified_gmt":"2024-06-25T07:25:54","slug":"trader-nets-2-9-million-in-20-minutes-on-meme-coin-water","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/trader-nets-2-9-million-in-20-minutes-on-meme-coin-water\/","title":{"rendered":"Trader Nets $2.9 Million in 20 Minutes on Meme Coin WATER"},"content":{"rendered":"<p>On June 24, the meme token WaterCoin (WATER) was listed on the Jupiter and Raydium exchanges. Immediately after trading commenced, the coin&#8217;s price surged by 83%. Analysts from Lookonchain noted that some users have already made millions from this.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Someone made 22,379 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($2.9M) on <a href=\"https:\/\/twitter.com\/search?q=%24WATER&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$WATER<\/a> in less than 20 minutes!<\/p>\n<p>This guy created a new wallet 5 hours ago and withdrew funds from <a href=\"https:\/\/twitter.com\/hashtag\/Bybit?src=hash&#038;ref_src=twsrc%5Etfw\">#Bybit<\/a>.<\/p>\n<p>Then he spent 16,900 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($2.1M) to snipe 612.23M <a href=\"https:\/\/twitter.com\/search?q=%24WATER&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$WATER<\/a>(22.71% of the pooled <a href=\"https:\/\/twitter.com\/search?q=%24WATER&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$WATER<\/a>) in the same block where the deployer added\u2026 <a href=\"https:\/\/t.co\/eRIu0y8rvx\">pic.twitter.com\/eRIu0y8rvx<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1805265442837262514?ref_src=twsrc%5Etfw\">June 24, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>One trader <a href=\"https:\/\/solscan.io\/account\/2mzEJFRa9UXvkLBeJMH16j6GUyDxPLnkDVoUUt1MLeej#transfers\">acquired<\/a> 612.23 million WATER (22.71% of the total supply) for 16,900 SOL ($2.1 million) in the liquidity addition block. Twenty minutes later, amid the price increase, he sold all his coins for 39,279 SOL ($5 million).<\/p>\n<p>The profit amounted to 22,379 SOL ($2.9 million).<\/p>\n<p>Another user was unsuccessful in <span data-descr=\"buying a new token immediately after launch\" class=\"old_tooltip\">\u201csniper\u201d trading<\/span>. He <a href=\"https:\/\/solscan.io\/account\/63KCvj2Ax6vAumgPBYsZ9cQvVRzQiv9X8ZtSCToxwMzp#splTransfers\">purchased<\/a> 177.9 million WATER for 15,000 SOL ($1.9 million). However, in less than 10 minutes, due to falling prices, the trader received only 9,306 SOL ($1.2 million) on the exchange, losing 5,694 SOL ($716,400).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Not all snipers can make money!<\/p>\n<p>If you are not familiar with sniping, please do it with caution.<\/p>\n<p>This sniper spent 15K <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($1.9M) to snipe 177.9M <a href=\"https:\/\/twitter.com\/search?q=%24WATER&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$WATER<\/a>, which is less than what other snipers bought.<\/p>\n<p>So he got only 9,306 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($1.2M) back after selling all and lost 5,694\u2026 <a href=\"https:\/\/t.co\/v1uwfti8hM\">pic.twitter.com\/v1uwfti8hM<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1805277579282423989?ref_src=twsrc%5Etfw\">June 24, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Meanwhile, the team of analysts noticed unusual fund movements in the project&#8217;s developer wallet.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Is the <a href=\"https:\/\/twitter.com\/hashtag\/WaterCoin?src=hash&#038;ref_src=twsrc%5Etfw\">#WaterCoin<\/a> team selling <a href=\"https:\/\/twitter.com\/search?q=%24WATER&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$WATER<\/a>?<\/p>\n<p>We noticed that the dev transferred 844.44M <a href=\"https:\/\/twitter.com\/search?q=%24WATER&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$WATER<\/a> to 11 new wallets that didn&#8217;t participate in the pre-sale.<\/p>\n<p>These 11 wallets are selling <a href=\"https:\/\/twitter.com\/search?q=%24WATER&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$WATER<\/a> and have obtained more than 18,600 <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a>($2.35M) by selling <a href=\"https:\/\/twitter.com\/search?q=%24WATER&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$WATER<\/a>! <a href=\"https:\/\/t.co\/PWItcb06RN\">pic.twitter.com\/PWItcb06RN<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1805273823656460382?ref_src=twsrc%5Etfw\">June 24, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The developer transferred 844.44 million WATER to 11 new wallets that did not participate in the pre-sale. Subsequently, these addresses obtained more than 18,600 SOL ($2.35 million) from selling the coin.<\/p>\n<p>At the time of writing, the price of the WATER token had fallen by more than 81% to $0.002442, with a market capitalization of $216.44 million. Liquidity stands at $9.48 million, according to <a href=\"https:\/\/www.geckoterminal.com\/solana\/pools\/2c9F3UnMBxftqeSmsSCBw5yXjwD9hXFsMLXti9mqTwpr?utm_source=coingecko&#038;utm_medium=referral&#038;utm_campaign=searchresults\">CoinGecko<\/a> data based on DEX Raydium metrics.<\/p>\n<p>Earlier, ForkLog reported that the largest staker of the Ethena governance token sold most of their deposit at a loss.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On June 24, the meme token WaterCoin (WATER) was listed on the Jupiter and Raydium exchanges. Immediately after trading commenced, the coin&#8217;s price surged by 83%. Analysts from Lookonchain noted that some users have already made millions from this. Someone made 22,379 $SOL($2.9M) on $WATER in less than 20 minutes! This guy created a new [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1267,1161,1159],"class_list":["post-14649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-trading","tag-memes","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=14649"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14649\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/14648"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=14649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=14649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=14649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}