💔Quick Profit from Wall Street Baby
The person who launched Wall Street Baby ($WSB) made nearly 5,000 SOL ($810,000) in just one hour by quickly buying and selling $WSB.
Here's what happened:
🔴They created 1 billion $WSB tokens, added 600 million $WSB and 400 SOL to liquidity, and kept 400 million $WSB.
🔴Before trading started, they created 32 wallets and spread 643 SOL among them.
🔴These 32 wallets bought 362 million $WSB (36.2% of the total supply) as soon as trading began.
🔴The deployer then quickly sold these 362 million $WSB for 4,371 SOL ($708,000).
🔴Additionally, they spread the remaining 400 million $WSB across more than 100 wallets.
⚪Lesson: Always check the supply and token distribution before investing in new coins. Crypto can be brutal.