{"id":9945,"date":"2024-01-19T12:26:44","date_gmt":"2024-01-19T10:26:44","guid":{"rendered":"https:\/\/forklog.com\/en\/trader-nets-7-million-in-three-hours-with-savm-token\/"},"modified":"2024-01-19T12:26:44","modified_gmt":"2024-01-19T10:26:44","slug":"trader-nets-7-million-in-three-hours-with-savm-token","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/trader-nets-7-million-in-three-hours-with-savm-token\/","title":{"rendered":"Trader Nets $7 Million in Three Hours with SAVM Token"},"content":{"rendered":"<p>An unidentified <a href=\"https:\/\/etherscan.io\/token\/0x15e6e0d4ebeac120f9a97e71faa6a0235b85ed12?a=0x278963bba08c130d3f07c191a388aca86b5313ca\">individual<\/a> purchased the SatoshiVM (SAVM) token immediately after its launch and secured a profit of $6.77 million within three hours. Analysts at Lookonchain highlighted this event.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">In just 3 hours, this trader made ~$6.77M on <a href=\"https:\/\/twitter.com\/search?q=%24SAVM&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SAVM<\/a>!?<\/p>\n<p>He used <a href=\"https:\/\/twitter.com\/hashtag\/BananaGun?src=hash&#038;ref_src=twsrc%5Etfw\">#BananaGun<\/a> and a bribe fee of 141.66 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> to be the first one to buy <a href=\"https:\/\/twitter.com\/search?q=%24SAVM&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SAVM<\/a> at the opening, buying 2.61M <a href=\"https:\/\/twitter.com\/search?q=%24SAVM&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SAVM<\/a> with a total cost of 277.66 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>($681K).<\/p>\n<p>Now he is selling <a href=\"https:\/\/twitter.com\/search?q=%24SAVM&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SAVM<\/a> and has sold a total of 2.16M <a href=\"https:\/\/twitter.com\/search?q=%24SAVM&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SAVM<\/a> for\u2026 <a href=\"https:\/\/t.co\/F21Te2NTRH\">pic.twitter.com\/F21Te2NTRH<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1748180416992027102?ref_src=twsrc%5Etfw\">January 19, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The trader employed the Banana Gun Telegram bot to automatically purchase the coin at launch and sell it at peak price.\u00a0<\/p>\n<p>The investor initially deposited 277.66 ETH (~$681,000) to acquire 2.61 million SAVM. The fee to secure the first spot in line for purchasing the coin was 141.66 ETH (~$347,000).<\/p>\n<p>Subsequently, he sold 2.16 million tokens for $4.38 million and currently holds an additional 450,000 SAVM valued at just over $3 million.<\/p>\n<p>Some users on X <a href=\"https:\/\/twitter.com\/mine8894\/status\/1748202949023596584?s=20\">speculated<\/a> that the trader was an insider or a project developer. Others <a href=\"https:\/\/twitter.com\/CryptoRusk0f\/status\/1748185069666345107?s=20\">hailed<\/a> him as a &#8220;legend&#8221; for the bold move of depositing a large sum into a trading bot.\u00a0<\/p>\n<p>Banana Gun remains a contentious topic within the community. Several Reddit users <a href=\"https:\/\/www.reddit.com\/r\/ethereum\/comments\/18lqu9c\/urgent_assistance_needed_mysterious_disappearance\/?rdt=52223\">reported<\/a> the disappearance of funds after sending them to the &#8220;sniper&#8221; bot used by the fortunate SAVM trader.\u00a0<\/p>\n<p>In September 2023, the launch of Banana Gun&#8217;s native token failed due to a bug in the smart contract. The error caused the token&#8217;s price to plummet nearly 100%.\u00a0<\/p>\n<p>Earlier in January, an unknown user managed to earn $1 million on the meme token TROLL. The trader purchased the cryptocurrency after billionaire Elon Musk changed his X-account signature to &#8220;(CTO) Chief Troll Officer.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An unidentified individual purchased the SatoshiVM (SAVM) token immediately after its launch and secured a profit of $6.77 million within three hours. Analysts at Lookonchain highlighted this event. In just 3 hours, this trader made ~$6.77M on $SAVM!? He used #BananaGun and a bribe fee of 141.66 $ETH to be the first one to buy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9944,"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":[1267,596,1290],"class_list":["post-9945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-trading","tag-tokens","tag-trading-bots"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/9945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=9945"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/9945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/9944"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=9945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=9945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=9945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}