Large trader transactions exposed after Binance launched CHEEMS and WHY: one exited with a halving loss, another suffered losses from an attack.

PANews reported on November 25 that according to on-chain data monitored by X user @_Allan_Wei_2022, after Binance announced the launch of CHEEMS and WHY contracts, the outcomes of the first two large buyers were intriguing.

Among them, the first large purchase of CHEEMS came from address 0x94d5Dec1796404ff3544FB09461AF0bC3fb3c2F6, with a total investment of about $200,000. However, this address failed to profit from the volatility and ultimately exited with a 'halving' loss, suffering significant losses.

The first large purchase address for WHY was 0x03b7C1414857Ae0bCa09116d4A01175D4d9B86ad, which similarly invested about $200,000. Unfortunately, during the transaction, it encountered an on-chain trading bot's 'sandwich attack' (a strategy of preemptive trading followed by subsequent price increases), ultimately selling quickly after the purchase, resulting in a loss of only $25,000.