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On November 25th, COINOTAG News reported significant activity in the crypto space involving the Binance Smart Chain. Following the announcement of the listings for CHEEMS and WHY, a notable accumulation was observed. The first substantial buy-in address for CHEEMS, identified as 0x94d5Dec1796404ff3544FB09461AF0bC3fb3c2F6, executed a purchase worth approximately $200,000. However, this address eventually exited the investment at a significant loss.
Similarly, the major buy-in for WHY came from address 0x03b7C1414857Ae0bCa09116d4A01175D4d9B86ad, also involving around $200,000. During these transactions, both addresses were targeted by a tactical on-chain sandwich attack, leading to an estimated loss of $25,000 for the investor. This incident highlights the complexities and risks associated with high-volume cryptocurrency transactions.
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