The price of $NERIO hit a new high today. Let's take a look at its market maker Gotbit @gotbit_io. Gotbit is well-known for its market-making services in the field of MEME coins, including familiar coins such as $HMSTR and $BONK.

1. In 2022, the first meme coin $Bonk on the Solana chain was launched, and then the market value rose rapidly. Gotbit is the market maker of $Bonk;

2. In 2023, during the Solana chain meme boom, Gotbit provided market-making services for $ANALOS, creating a miracle of 3,700 times wealth;

3. In 2024, meme coins are still hot, and Gotbit focuses on providing market-making support for multiple meme coins such as $HMSTR and $NERIO.

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Black history warning:

At the end of 2023, Gotbit had been working with $ANALOS for only 2 weeks, and the market value plummeted from a peak of $150 million to $19 million. Then the token disappeared completely and investors could no longer trade. The top 10 holders made a total profit of more than $7 million during this period.

In May 2024, the beer-themed meme coin $BEER pre-sold 30,000 SOL (about $5 million). After going online, the price once soared to a maximum of 30 times, and the market value climbed to $500 million. However, within a month, the price fell by 90%, and the market value dropped to about $50 million. According to LookonChain's monitoring, the wallet associated with the BEER team has sold at high prices many times, making a profit of more than $3 million.

After the BEER incident, Gotbit copied similar operations. $WATER raised more than $41 million in the pre-sale stage, and the price quickly rose nearly 10 times after the launch, with a market value of over $1 billion. However, within just a few hours, the price plummeted. LookonChain exposed the insider trading behavior of its team, who transferred 844 million WATER tokens to 11 wallets that did not participate in the pre-sale and then sold the tokens. An on-chain sniper lost more than $710,000 in the process.

In addition, Gotbit is also suspected of participating in the rug events of multiple tokens, such as $HUND, $SHARK, $SI, $SOMBRERO, $MACHO, $SIMBA, etc.

(Pictures and information are taken from self-media)