The past few hours have been insane for avid crypto and NFT follower. #APE used only less than half the daytime to be the №3 hottest token on Ethereum, carrying a trading volume of over USD$100 million and keeping rising. It seems the carnival has started, and participants have gone ape.
However, there is a rule of thumb in DeFi: with the great opportunity lurks the great peril.
We canvas the 29757 transactions on #APE happening till noon EST, and we’d like to issue a warning for traders: BE AWARE, THE SANDWICH IS OUT THERE TO SNIPE YOUR #APE!
Take this deal as an example, which we identified as a sandwich arbitrage.
Let’s anatomize the process in the liquidity pool 0x..e67f.
For sure, this is not a single case. And we are working to discover more from today’s transaction regarding #APE. However, we’d like to send out this warning as the top priority before revealing more insight.
Meanwhile, you can check out the latest Hot Liquidity Pool and Hot Token page for additional data regarding #APE.
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