From $700 to $12.56M: A Crypto Trader’s Dream Come True

🚀 A Life-Changing Trade on $UFD

One savvy trader has turned $700 (3.2 $SOL ) into a jaw-dropping $12.56M by investing in 48M $UFD tokens on #PumpFun . Here’s the timeline of this extraordinary trade:

Initial Buy: $700 worth of #UFD just 7 hours ago.

First Milestone: The value jumped to $1.8M within hours (a x2571 return).

Current Value: $UFD holdings are now worth an unbelievable $12.56M, delivering a x17,936 return.

1. Unrealized Gains:

The trader hasn’t sold any tokens yet, meaning the profits are still floating and could be impacted by market volatility.

2. Liquidity Matters:

Cashing out such a large amount may face significant slippage or impact the token price.

Always consider liquidity when trading in low-cap or rapidly appreciating tokens.

3. The Power of Timing:

Identifying early opportunities in new tokens can lead to exponential returns, but the risks are equally high.

4. Market Volatility:

Projects like $UFD with rapid price spikes can be lucrative but are often short-lived or prone to major corrections.

Stay updated on the token’s liquidity and market activity.

Protect gains by taking profits periodically, especially during parabolic rises.

Use tools like @nansen_ai, #Etherscan , and #Solscan to track wallet activity and monitor market trends.

Track the wallet here: 3cQTRqJCiwBzbkVQc2CJqDoxKuhfzkxQEb8BFqdhYDJk

💬 What’s your strategy in a scenario like this? Would you sell now or hold for potential future gains? Let’s discuss!

Data Source: @nansen_ai

Angel Drainer Phishing Group Steals Over $400,000 from 128 Crypto Wallets

According to CryptoPotato, the Angel Drainer phishing group has reportedly stolen over $400,000 from 128 #crypto wallets using a new tactic. The notorious entity is said to have exploited Etherscan's verification tool to mask the malicious nature of a smart contract. #blockchain security company Blockaid disclosed that the attack began at 6:40 am on February 12, 2024.

Angel Drainer deployed a malicious Safe vault contract, causing users to inadvertently authorize a 'Permit2' transaction on the compromised contract, resulting in the theft of $403,000. By specifically targeting a Safe vault contract, Angel Drainer aimed to lull users into a false sense of security, a common ploy in crypto phishing schemes, as #etherscan automatically validates Safe contracts. Blockaid emphasized that the attack was not a direct strike on Safe and had minimal impact on its user base. The security firm quickly notified Safe of the attack and actively worked to mitigate any potential further damage.

Wallet drainers typically execute their schemes by installing malicious software on fraudulent websites to trick users into approving harmful transactions, leading to the unauthorized withdrawal of assets from their #cryptocurrency wallets. #Web3 anti-scam platform Scam Sniffer reported instances of wallet drainers stealing over $295 million in assets from around 324,000 individuals in the past year. Despite the shutdown of similar groups like Inferno Drainer, Angel Drainer's existence reveals a troubling trend, with data suggesting the group has stolen over $25 million from nearly 35,000 wallets in just a year since its inception.