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A news trading address spent more than $6,000 in tips to buy 2.55 million DOYRs, and finally lost $17,400
On December 10, Lookonchain posted data on social media saying that after CEX announced that DOYR was listed for alpha trading, trader 0xa7b5 paid an additional 6.8 BNB (approximately $6,074) as a miner tip and spent 44.8 BNB (approximately $40,079) to buy 2.55 million DOYR, and then sold it at 32.12 BNB (approximately $28,734) - a total loss of $17,400. At the same time, trader 0x8A70 paid only 0.794 BNB (approximately $709) in gas fees, successfully spent 239 BNB (approximately $213,820) to buy 28.8 million DOYR, and then sold it at a price of 282.5 BNB (approximately $252,000) - achieving a profit of $38,000 and a yield of 15%. 0xa7b5 paid a higher tip but still managed to buy one second later than 0x8A70.