Monday, June 16, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Trader Turns $5K Into $670K, Impact on Solana

Simon Osuji by Simon Osuji
September 4, 2024
in Business
0
Trader Turns $5K Into $670K, Impact on Solana
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Ethervista, a new decentralized exchange on Ethereum, is making waves. A crypto trader recently turned $5,000 into $670,000 in just 48 hours on the platform. This huge profit has put Ethervista in the spotlight. It’s now seen as a potential challenger to Solana in the crypto world.

Also Read: Top Security Tips from Billionaire Crypto Investors

Exploring Ethervista’s Rise, Solana’s Challenge, and Ethereum’s Role

The $5K to $670K Trade

$5K TO $670K ON ETHERVISTA IN JUST 48 HOURS

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

— Arkham (@ArkhamIntel) September 3, 2024

A crypto trader known as 0x430 bought VISTA tokens when Ethervista launched. They spent $5,000 to get about 5% of all VISTA tokens. In two days, the trader split these tokens across seven wallets. They then sold them all, making $670,000 in Ethereum (ETH).

Ethervista’s Fair Launch Model

Ethervista Solana Ethereum crypto traderEthervista Solana Ethereum crypto trader

Ethervista aims to compete with Solana’s Pump.fun. It uses a “fair launch model.” This means all VISTA tokens went to liquidity providers. The goal is to stop early manipulation and rug pulls, which many crypto traders fear.

Impact on Ethereum and Solana

Both Ethereum and Solana communities are watching Ethervista closely. As a new exchange, its quick growth could challenge Solana’s lead in memecoins and token creation.

Also Read: Can Dogecoin (DOGE) Rise To $1 in 2024?

VISTA Token Performance

VISTA token prices have been very volatile. CoinGecko data shows it hit $28.80 on September 2, soon after launch. At last check, it was trading at $21.19, up 33% in 24 hours.

Potential Risks and Concerns

Despite big gains, some users can’t withdraw their funds easily. The platform’s fast rise and high profits also raise concerns about market stability for crypto traders.

Ethereum Gas Consumption

Ethervista charges fees in ETH. This has led to high gas usage on Ethereum. It’s now the third-biggest gas user, after Uniswap and Tether.

Also Read: Top 3 Cryptocurrencies To Buy During The Market Dip

This shows its growing impact on the Ethereum network.We’ll keep you posted on any other changes!

Related posts

Safaricom Sponsors Kipkemboi Film – Africa Business News

Safaricom Sponsors Kipkemboi Film – Africa Business News

June 16, 2025
Nigeria moves closer to acquiring 12 US-made AH-1Z viper attack helicopters

Nigeria moves closer to acquiring 12 US-made AH-1Z viper attack helicopters

June 16, 2025

Source link

Previous Post

Shifting from AI hype to practical, ethical, and sustainable implementation

Next Post

How the U.S. used arms sales to shift Saudi behavior

Next Post
How the U.S. used arms sales to shift Saudi behavior

How the U.S. used arms sales to shift Saudi behavior

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

GAO Flags Pentagon Efforts to Enable Satellite Communications Via Lasers

GAO Flags Pentagon Efforts to Enable Satellite Communications Via Lasers

4 months ago
Social Media Is Now a DIY Alert System for ICE Raids

Social Media Is Now a DIY Alert System for ICE Raids

4 days ago
AMD chair resigns – defenceWeb

AMD chair resigns – defenceWeb

1 year ago
US Marines Receive Final MQ-9A Reaper Drone

US Marines Receive Final MQ-9A Reaper Drone

1 week ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.