Shocking news! Blessing or curse? Binance Chain's leading rune encountered "flash loan" this morning
Burnedfi, the first rune leader of Binance Chain, encountered "flash loan", which caused many BURN friends to be alarmed. The author briefly sorted out the whole process:
At 2:10 am on January 15, an anonymous person bought BURN in two batches with nearly 1,000 BNB, raising the price from 1U to 933U, and then quickly sold the tokens. Such a large-scale abnormal operation aroused the curiosity of many people. After on-chain tracking and analysis, it turned out that the trader immediately burned the 174 BURN purchased at a high price (worth nearly 160,000 US dollars) in exchange for 174 BURN-BUILD dividend certificates (certificates can receive BNB dividends). Just when many people thought that this move might be a big account to grab the burning dividend share through this move. However, things took a big turn, and the account actually gave up this dividend certificate, which surprised everyone!
After a detailed analysis of the entire incident, the following conclusions were drawn:
1. From a technical perspective: the market was pulled up and bought, 174 tokens (worth $160,000) were burned, the burning certificate was received, all tokens were sold, and BNB flowed back to an unknown wallet worth $830 million. The whole process was completed smoothly within one second. With such technology, the reaction is N times faster than the clamp robot. The technical background is absolutely super strong, and it is not ruled out that it was done by the founding team.
2. From the financial level: nearly 1,000 BNBs can be quickly mobilized within one second to pull the market, and the funds for the pull-up eventually flowed back to a wallet worth $830 million! Moreover, the slippage of BURN buying and selling is only 1%, and a large number of clamp robots are ambushed, and large-scale capital operations can be clamped at any time. This operator can be so fearless of large-scale capital pull-ups, and he must be financially strong.
3. From the operation results: the purpose of this operator is to release the 174 BNB dividends accumulated in the burning pool to all burning certificate holders by burning tokens worth $160,000, so that all consensus holders holding BURN-BUILD can receive BNB dividends. This move is absolutely purely to empower BURN. From this aspect, it is not ruled out that it was done by the founding team, proving that the founding team has been silently paying attention and empowering.
Summary: BURN has successfully passed two CK audits since the fair launch of MINT on December 17, 2023, and passed the most stringent Uncle Hat audit, plus the strong support of PUMP BURN and this "flash loan". The consensus of the BURN burning community is getting stronger and stronger, and the confidence is getting higher and higher. 2025 will surely usher in a 10,000-fold increase.