The $11 Billion $PONZIO purchase. The trader created his wallet, funded it for the first time with 3.
31 Aug 2024, 09:32
The $11 Billion $PONZIO purchase.
The trader created his wallet, funded it for the first time with 3.5 $ETH sent from Bitget, and purchased 501,000 $PONZIO within the first hour the memecoin launched on Ethereum.
@PonzioTheCat’s economics is designed to grow the asset’s value through a progressive scarcity. The tokens’ total supply is slashed by 50% after every 4 days.
This trader’s first purchase would be worth over $11 Billion at the current price. He also received an additional 158,000 $PONZIO by a wallet funded within the same period from MEXC Exchange.
However, due to the recurring slashing, they only managed a net profit of over $360,000 from their initial investment.
From the wallet funding and transfer data, we believe that this trader is connected to the $PONZIO deployer.
More details here:
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