Ethereum Pump.fun Competitor Ethervista Helps Traders Make Huge Profits
A crypto trader made a huge profit of $5,000 to $670,000 using the newly launched Ethervista decentralized exchange and token minting market.
Ethervista is a new platform on the Ethereum network that aims to meet the cryptocurrency market's demand for decentralized exchanges and token issuance. The platform adopts a "fair launch" model, allocating 100% of the native VISTA tokens to liquidity providers and setting a certain lock-up period to prevent panic buying.
The trader bought $5,000 worth of VISTA tokens when Ethervista was first launched, accounting for 5% of the total circulation at the time. In just two days, the trader made more than $670,000 in profits by selling VISTA tokens, reflecting the surge in token prices on Ethervista.
This case highlights the opportunities and risks in emerging crypto projects. The "fair launch" mechanism adopted by Ethervista is intended to protect investors, but some challenges still arise in actual operation. The whole incident also triggered a discussion about memecoin and popular crypto projects.
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