Six hours after SLERF went online, the three big investors had different endings

日月小楚

24-03-19 11:10

Read this article in 6 Minutes

AI summary

View the summary

Original author: Riyue Xiaochu, crypto KOL

Editor’s note: Yesterday, the founder of the Slerf project @Slerfsol posted an article on the LP and airdrop reserved tokens have been destroyed, and the minting rights have also been revoked. As soon as this news came out, the trading volume of SLERF exceeded US$600 million in just two hours after it went online, and the currency price reached a maximum of over US$1.2. Today, SLERF’s 24-hour trading volume on the Solana chain has exceeded $2.2 billion, second only to SOL and USDC. At press time, SLERF price has fallen back to $0.7340. Reference reading: "SLERF evaporated nearly $200 million in ten minutes, Solana's Technical details have never been more valuable". Crypto KOL Riyuexiaochu By analyzing the holding addresses, he summarized three reasons for buying SLERF Humanoids have different endings due to different trading strategies. BlockBeats reproduces the full text as follows:

Affected by the skyrocketing BOME, Slerf went through the life of many coins in 6 hours . The amazing thing about fate is that the top three individual holdings happened to have three different stories, some suffered huge losses and others made huge profits. Wonderful, really wonderful.

The first type of people:

The largest investor is the holding address 4, which he uses successively 34952Sol is worth 7.2M. I purchased 8.09M SLERF and now it is only worth 3.7M. In just 5 hours, it had been cut in half, with a loss of 3.5m. It is worth mentioning that this large investor was probably in a Fomo mood. He used 1000sol to buy it three times within an hour of the opening, and his profit doubled. Subsequently, it used 100 million SOL to increase its position three times during the rise, which led to the current huge losses.

This large trader represents a type of person who buys with a small position at the opening of the market. After the price rises, he feels that the stock price is short, and then increases the position to take over the order. Resulting in huge losses.

The second type of people:

Position address 7 is the second largest individual user. He used 2864 Sol (valued 59K) and obtained 5.7M Slerf, which is now worth 2.67M. Profit exceeded 2M in just a few hours.

This large investor represents a type of person: one with keen insights, awesome hype, and huge profits in one market.

The third type of people:

Position address 8 is the third largest A large individual holding a position, he sold 230 million BOME and bought 5.7M SLERF. The value of BOME when sold was 3.6M. SLERF is now worth 2.67M. In just three hours, he lost 1M. However, his BOME made huge profits. He used 403SOL to purchase 800 million BOME, and the profit is still as high as 10M based on the current price.

This large accountant represents a type of people: they make huge profits from other copycats, and then start to rush into other MEMEs. After all, they cannot continue to write legends. . Let us wait and see how much its profits can be maintained.

Other phenomena: The exchange is fast

A few days after the opening of Slerf When I was young, there were more than 4 exchanges online. The rapid response of gate and MEXC, the distribution has a proportion of 1.74% and 1.18%.