A new token named $ZACHXBT has entered the crypto scene, garnering significant attention.
Out of its total supply, 500 million $ZACHXBT (50%) were transferred directly to on-chain investigator @zachxbt’s wallet. This bold move has sparked curiosity and speculation within the crypto community.
In a recent liquidity transaction, @zachxbt added and removed liquidity, withdrawing 16,059 $SOL valued at $3.81 million. Shortly afterward, 16,348 $SOL, equivalent to $3.87 million, was sent to the trading giant Wintermute.
This transfer has fueled discussions about the token’s utility and future trajectory.
The market cap of $ZACHXBT has surged past $30 million, largely driven by high-profile buyers. One major investor acquired 4.1% of the token’s supply in a single purchase, while another continuously increased their holdings.
A whale, identified by the wallet address J9Hqx…XrQeB, has aggressively bought $ZACHXBT, investing $1.088 million to acquire nearly 10.18 million tokens over a 22-minute period.
This purchase solidified their position as the second-largest holder. The whale’s average buy price was $0.05296, and they are now sitting on a floating profit of $508,900.
Just 12 minutes ago, this same whale offloaded 41 million $ZACHXBT tokens at a price of $0.06943, making a staggering profit of 4,886.88 $SOL, approximately $1.18 million. With an initial cost of $0.04043, this swift trade showcases a high-stakes gamble.
The massive sell-off caused the token’s price to plummet to $0.02134, highlighting the volatility of this new asset. With speculation running high, $ZACHXBT appears to be more of a risky gamble than a faith-driven project.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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