Nov 09, 2023 5:43 pm
The founder of SPONGE token transferred 745 ETH to Binance and made a profit of US$1.42 million
According to monitoring by X user @ai_9684xtpa, 1 hour ago the founder of the SPONGE token lifted the Uniswap LP 188 days ago, withdrew 16 billion SPONGE and 745 ETH, and then transferred all ETH to Binance through the new address, making profit at no cost $1.42 million.
SPONGE was launched on May 4, 2023. On the same day, the founder injected 36.3 billion tokens of unilateral liquidity into the WETH trading pair. As the currency price fluctuated, the tokens were gradually sold into ETH.