Earning $150,000 in 1 minute, will NFT help him capture the "Golden Dog" again?

In a sluggish market, there are still brilliant achievements of getting rich every day. On the last day of July, "Brother Sun" 0xSun made $150,000 in 1 minute.

This brilliant achievement also alarmed foreigners, such as the famous KOL @CirrusNFT in the English circle:

The editor immediately ran to take a closer look at the whole process. As 0xSun mentioned in the tweet, his previous experience with FLC (Note: Floor Protocol, a protocol that can fragment ERC-721 small pictures into ERC-20 Tokens for trading) helped him discover this huge arbitrage opportunity. It can be said that compared with other players who rush to "Tugou", "Brother Sun" not only keeps a close eye on the game and rushes fast, but also has rich experience in NFT, which makes him win.

As 0xSun said, the deployer of this token $BAYC is Ape Finance: Deployer, and at the beginning, the address 0x6B8c262CA939adbe3793D3eca519a9D64f74D184 added 72 ETH to the $BAYC pool. For ordinary "Tugou" players, this is enough to degen.

I can't match who this big player is, but this address has deposited 1,000 ETH in Blast.

In addition, there are 451 DeFi Apes in the address, which is the NFT series of Ape Finance, the deployer of the $BAYC contract. NFT players probably still have an impression of DeFi Apes, because in early 2023, "Big Brother Machi" Huang Licheng once promoted the project crazily, and everyone basically believed that he was actually behind the project.

The Ape Finance product itself basically provides lending based on $APE (that is, BAYC's "Monkey Coin"). Since May 2023, the project’s official Twitter account has only posted one tweet in November last year, and then remained silent until May of this year, when they launched a function to bridge NFTs from the Ethereum mainnet to Blast, and then on Monday this week, they launched a function to bridge NFTs from Blast back to the mainnet.

It can be said that the Ape Finance project is basically in a flat state... For this new contract, there is no official announcement or previous hints on the official Twitter account. The editor also searched the Telegram group of the project and their forum, and both places were basically in a half-dead state with no one talking.

The price of $BAYC soared 10 times in the first 5 minutes of the opening, and then 0xSun found that its contract had the "picture-to-coin conversion" function and quickly sent it away.

From the records on Etherscan, we can also see that the name of the contract is "BAYCExchange", so in fact, the "Tugou" players mistakenly took a suspected BAYC "picture-to-coin conversion" new function launched by Ape Finance as a "Tugou" rush, and 0xSun was the first to discover this.

After 0xSun first deposited BAYC to exchange for $BAYC, vasechka.eth also discovered it.

vasechka.eth first repaid the loan from Blend and took back the BAYC he had lent and then exchanged it for $BAYC. The first transaction successfully turned about 9.15 ETH into about 19.36 ETH. He then took back another BAYC, but the profit this time was less than 1 ETH. He then added 8 ETH of $BAYC and successfully flipped a profit of 3 ETH.

This operation is difficult for ordinary players to replicate. In addition to the cost of buying BAYC, another thing that cannot be ignored is the risk cost, that is, whether there is a problem with the contract itself. What I remember most clearly is the former "White Lotus" Lotus. Before launching the staking contract, the dev did not put it on the test network but on the main network. As a result, because a bracket was missing in the contract code, all the players who found the contract and rushed in early were locked and could not withdraw the deposited ETH. At that time, this wave locked up millions of US dollars...

So, this was a victory of quick eyes and brave hands.

Finally, at 2:40 am today, Ape Finance finally announced on the official Twitter that $BAYC was launched by them - they are not even doing "picture currency conversion", it is really a meme token that deposits BAYC to exchange...

It feels so good to be cutting with BAYC. Is there a possibility that the high-level players on the chain disrupted the game that the high-level players were preparing to start in advance? And the editor believes that this $BAYC may not be over yet, and it may be used to affect the price of BAYC NFT and then make profits in both directions...

欢迎加入律动 BlockBeats 官方社群：

Telegram 订阅群：https://t.me/theblockbeats

Telegram 交流群：https://t.me/BlockBeats_App

Twitter 官方账号：https://twitter.com/BlockBeatsAsia