CHEEMS Faces Major Buying Surge Amid Binance Smart Chain Listing Despite $25K Loss from Sandwich Attack

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.