165 Ether Profit from Two Investors Who Opportunity to Sell Vitalik Buterin’s Token

Two anonymous users, who took advantage of the token that Ethereum (ETH) co-founder Vitalik Buterin sold for 600 thousand dollars, earned hundreds of thousands of dollars within hours.

On-chain analytics platform lookonchain According to information provided by Vitalik Buterin’s recent 600 thousand There were two users who made a big profit from the dollar token sale. Buterin’s sales one of 3 entities the one which… to Shikoku (SHIK) Focused anonymous traders took action when they noticed the huge selling wave.

How did they make a profit of 165 Ether in hours?

one of the users decentralized exchange (DEX) Uniswapusing the arbitrage applied the method and bought the token price low and sold it at a very high price hours later. Similar arbitrage opportunities can often be seen in these sudden movements, especially on volumeless tokens.

During the said decline, the trader 38 trillion SHIK for 6 ETH purchased these assets in a short period of time. to 89.6 ETH sold it. The user, who wisely evaluates the opportunity, takes approximately 83.6 ETH well 124 thousand dollars profit has achieved.

Another anonymous trader waited for the token to drop to the point where it could be considered bottom levels. 14 ETH in return 34.2 trillion SHIKs he bought. Next “bounce” During the rise, which we can describe as 12.2 trillion In exchange for the user selling SHIK 38.36 ETH took.

The anonymous trader waited a short while for a second sale transaction. Trader in his second sale 10 trillion SHIK in return 26.24 ETH took. Anonymous trader’s net profit 54 ETH it happened. This user has 32 ETH worth 12 trillion SHIK‘of 10 trillion part transferred to another wallet. The user in question is still 2 trillion SHIKIt continues to hold.


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