Key Takeaways:
- A crypto trader turned $5,000 into over $670,000 by purchasing 5% of VISTA tokens after Ethervista’s August 31 launch.
- VISTA’s price surged by 33%, reaching $21.19, with a market cap of $30 million two days post-launch, despite liquidity concerns.
- Ethervista, a decentralized exchange on Ethereum, has become the third-largest Ethereum gas consumer with a capped token supply and deflationary model.
A crypto trader made significant gains by purchasing Ethervista’s native token, VISTA, shortly after its August 31 launch.
Investing $5,000 and securing 5% of the total supply, the trader strategically distributed tokens across seven wallets, selling them for over $670,000 in profit within two days.
$5K TO $670K ON ETHERVISTA IN JUST 48 HOURS
— Arkham (@ArkhamIntel) September 3, 2024
Trader 0x430 bought the launch of @ethervista, spending $5K to secure just over 5% of the supply.
He distributed his VISTA holdings across 7 different wallets to sell them off, and after 2 days realized over $670K of profit into ETH.… pic.twitter.com/CdAXlE1XRO
Ethervista, a decentralized exchange (DEX) and token minting platform on Ethereum, is being compared to Pump.fun, a popular Solana-based memecoin launchpad.
Ethervista’s deflationary model includes a 1 million VISTA token cap, token burns, and a five-day liquidity lock to prevent rug pulls.
Despite rapid growth, users reported liquidity removal issues.
Ethervista is now the third-largest consumer of Ethereum gas.
VISTA’s price surged by 33% in 24 hours, trading at $21.19, though volatility is expected with the liquidity unlock on September 4.
The token’s market cap reached $30 million just two days post-launch.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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