Rapid Profit Through $SHIRO Trading
A well-known crypto trader, nicknamed sniper, earned an astounding $8.3 million in just 18 hours by trading $SHIRO tokens. This impressive profit came shortly after the Shiro Neko team announced the contract address for $SHIRO.
Using nine crypto wallets, the sniper purchased 18 trillion $SHIRO for 41.48 ETH, equivalent to approximately $151,000. According to data analysis by Lookonchain, these purchases occurred almost immediately after the contract address was announced.
Sniper Sells $SHIRO for Over $8 Million
Following this massive purchase, the sniper sold 15.6 trillion $SHIRO for 2,319 ETH, amounting to $8.44 million. The contract address was officially announced on December 2, 2024, at 20:03 UTC, but records show that several wallets had already purchased $SHIRO before the public announcement. This raises concerns about potential use of insider information.
Market Volatility and Questions of Fairness
This event highlights the fast-paced and highly volatile nature of the crypto market but also raises questions about fairness and transparency. Competing in such an environment can be challenging, especially for regular traders without access to privileged information.
The incident underscores the need for better regulation of crypto trading, ensuring equal access to information for all participants. Fair practices could help build trust and integrity in the market.
$SHIRO as an Example of High Risk and Reward
The rapid rise and subsequent drop in $SHIRO’s value illustrate that cryptocurrencies are a space of significant opportunities but also substantial risks. For investors, it’s a reminder that success in the crypto market often requires speed, knowledge, and a willingness to face high volatility.
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