{"id":78502,"date":"2023-05-09T17:37:52","date_gmt":"2023-05-09T14:37:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78502"},"modified":"2025-09-11T05:23:16","modified_gmt":"2025-09-11T02:23:16","slug":"trader-paid-120000-in-fees-to-buy-meme-token-four","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/trader-paid-120000-in-fees-to-buy-meme-token-four\/","title":{"rendered":"Trader paid $120,000 in fees to buy meme token FOUR"},"content":{"rendered":"<p>An unknown user spent 64 ETH (~$120,000) on gas to buy the meme cryptocurrency Four (FOUR) for 84 ETH (~$156,000).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">? A fee of 64 <a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&#038;ref_src=twsrc%5Etfw\">#ETH<\/a> (119,121 USD) has just been paid for a single transaction!<a href=\"https:\/\/t.co\/3w4UD0AZbw\">https:\/\/t.co\/3w4UD0AZbw<\/a><\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a href=\"https:\/\/twitter.com\/whale_alert\/status\/1655472148020961285?ref_src=twsrc%5Etfw\">May 8, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to on-chain data, the operation was executed via the decentralised exchange Uniswap. The trader swapped 84 wrapped ETH (WETH) into 3.8 billion FOUR.<\/p>\n<p>Twitter user FlurETH said that the user has already booked a profit of 133 ETH ($240,000).<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">fam i&#8217;ll explain what happened in your screenshot so nft influencers aren&#8217;t made fun of later like bitboy is now<\/p>\n<p>a sniper paid 64 eth in tx fees to speed up his transaction and be the second buy on <a href=\"https:\/\/twitter.com\/search?q=%24four&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$four<\/a><\/p>\n<p>13.7 billion <a href=\"https:\/\/twitter.com\/search?q=%24four&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$four<\/a> is now worth 281e<\/p>\n<p>281 \u2014 (64 +84) = 133 eth profit ? <a href=\"https:\/\/t.co\/9hbp8JTQYd\">pic.twitter.com\/9hbp8JTQYd<\/a><\/p>\n<p>\u2014 Flur (@FlurETH) <a href=\"https:\/\/twitter.com\/FlurETH\/status\/1655683980967182336?ref_src=twsrc%5Etfw\">May 8, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to <a href=\"https:\/\/www.dextools.io\/app\/en\/ether\/pair-explorer\/0xd101821c56b4405af4a376cbe81fa0dc90207dc2\">DEXTools<\/a>, the new meme token was launched on the Ethereum network on the morning of May 8. At the time of writing, the coin&#8217;s 24-hour trading volume stood at $68.3 million, and its market capitalization reached $33.6 million.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"499\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/FOUR_USD-UNI-DEXTools.io_2023-05-09_17-20-26-1024x499.png\" alt=\"FOUR_USD-UNI-DEXTools.io_2023-05-09_17-20-26\" class=\"wp-image-206557\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/FOUR_USD-UNI-DEXTools.io_2023-05-09_17-20-26-1024x499.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/FOUR_USD-UNI-DEXTools.io_2023-05-09_17-20-26-300x146.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/FOUR_USD-UNI-DEXTools.io_2023-05-09_17-20-26-768x374.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/FOUR_USD-UNI-DEXTools.io_2023-05-09_17-20-26.png 1392w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>15-\u043c\u0438\u043d\u0443\u0442\u043d\u044b\u0439 \u0433\u0440\u0430\u0444\u0438\u043a FOUR\/USD \u0431\u0438\u0440\u0436\u0438 Uniswap. \u0414\u0430\u043d\u043d\u044b\u0435: DEXTools. <br \/><\/figcaption><\/figure>\n<p>Probably, the token&#8217;s name refers to Binance CEO Changpeng Zhao&#8217;s &#8216;fourth rule&#8217;\u2014ignore FUD.<\/p>\n<p>According to <a href=\"https:\/\/etherscan.io\/gastracker\">Etherscan<\/a>, currently, gas fees for simple transfers on the Ethereum network range from $4.77 to $4.88.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2023-05-09-v-17.27.38.webp\" alt=\"Snimok-ekrana-2023-05-09-v-17.27.38\" class=\"wp-image-206558\"\/><figcaption>Ethereum network fee. Data: Etherscan. <br \/><\/figcaption><\/figure>\n<p>Analyst at Scimitar Capital, known as Alex <a href=\"https:\/\/u1f987.com\/en\/news\/opinion-pepe-holders-have-realised-160m-in-profits\">said<\/a>, that Pepe (PEPE) holders realised $160 million in profits. The bulk of the gains came from users who bought the asset in the first week after launch.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An unknown user spent 64 ETH (~$120,000) on gas to buy the meme cryptocurrency Four (FOUR) for 84 ETH (~$156,000).<\/p>\n","protected":false},"author":1,"featured_media":78503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1178,1161,1268],"class_list":["post-78502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-fees","tag-memes","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78502","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=78502"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78502\/revisions"}],"predecessor-version":[{"id":78504,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78502\/revisions\/78504"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/78503"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=78502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=78502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=78502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}