According to the report by Golden Finance, Lookonchain monitoring shows that an address spent 16,900 SOL (2.1 million USD) to race ahead in the same block where the deployer added liquidity, and obtained 612 million WATER tokens (22.71% of the pool).
Then it sold all the WATER tokens at a price of 39,279 SOL ($5 million), making a profit of 22,379 SOL ($2.9 million) in less than 20 minutes.
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An address profited $2.9 million by front-running the WATER token transaction
According to the report by Golden Finance, Lookonchain monitoring shows that an address spent 16,900 SOL (2.1 million USD) to race ahead in the same block where the deployer added liquidity, and obtained 612 million WATER tokens (22.71% of the pool). Then it sold all the WATER tokens at a price of 39,279 SOL ($5 million), making a profit of 22,379 SOL ($2.9 million) in less than 20 minutes.