Last night, a sensation happened in the cryptocurrency circle, causing the GAS fee to exceed 400! All this stems from the issuance of $PNDX.
@NotLarvaLabs
Founder of Crypto Boss
@Pauly0x
It was launched, attracting a large group of foreigners to rush to the second level. Who would have thought that just when everyone was talking about it, the pool was emptied out, and the foreigners burst into tears. The foreigner who lost the most lost 70,000 or 80,000 USDT. Brother PAULY is probably being targeted, and his life is in danger.
Our @0xSunNFT made a lot of profit from it and explained the whole story in time: The original intention of this coin should be to mint liquidity on the website. This transaction will exchange your ETH for half of pepe, and the other half of ETH will be added to the pool. Because many people did not know how to use the website, they directly took ETH to buy contracts when the pool was very small, which caused the price to soar. Sun exchanged tokens on the official website early, and he had more than the trading pool. As the ETH in the pool increased, he sold it for profit and finally sold 45ETH. In addition, Sun also said: There is a bug in this token contract. Anyone can use a certain function to transfer other people's tokens. It is recommended that everyone do not buy it again. Another interesting thing is that Pauly released the project on Twitter at 23:50, Sun saw it and spread it at 23:53, but someone minted coins on the official website at 22:55, and prepared arbitrage chips a full hour in advance! The first level keeps minting coins, and the second level does not understand people take over, and the PVP mode of grabbing coins from each other is turned on. It is said that the strongest clamp robot ae13 of Tugou lost 500,000 US dollars, and just half of it was transferred away by someone.
Friends in the circle envied Brother Sun, saying that the surname Sun was indeed ingenious. At the same time, they also questioned Pauly's motivation for issuing coins, saying that he first opened a SPACE preheating, and then announced the issuance of coins, and released the official website and contract address at the same time. As a result, half of the people went to the official website to cast, and half went to Uniswap to grab chips. The official website was made to look like SWAP, but it was actually just a contract interaction. People who loaded it from the official website bought the coins at a very low price. Those who went directly to Uniswap bought at a high price, and were soon smashed to nearly 0 by the people who cast on the official website. So no matter who bought on Uniswap, they would be sniped by people who cashed out, and they would smash as much as they bought. Many circle friends believed that Pauly was not familiar with the contract and exchange mechanism, and did not have a strong team. At this time, @OxAmazingChar stood up and said: Pauly is not ignorant, he is a complete genius! The reasons are as follows: 1. Anyone who mints money on the official website will be converted into $pepe and enter Pauly’s private address. 2. Pauly himself also participated in the minting of the official website, and was clearly involved in the largest secondary market crashes, with a single transaction exceeding 200eth. 3. Pauly designed the official website as a swap in order to give people the illusion that the official website and swap have the same price, and then the initial pool he added to the swap had a token price 100 times that of the official website mint.
The blockchain world is full of opportunities and pitfalls. The guys are lucky that they didn’t lose money in this matter!