A dealer who made $38 million buying and selling final week’s plasma (XPL) volatility secured one other heft payday on Monday, profiting $250 million on the discharge world liberty monetary (WLFI), a decentralized finance (DeFi) token linked to U.S. president Donald Trump’s household.
Etherscan knowledge exhibits that the pockets in query, belonging to a dealer identified on derivatives platform HyperLiquid and X as Techno Revenant, invested $15 million within the WLFI token sale final yr earlier than being distributed 1% of the full provide on Monday, value round $250 million.
The nine-digit rating comes after the dealer made $38 million on HyperLiquid final week, buying and selling XPL because it spiked and worn out $130 million in open curiosity on the futures market.
WLFI started buying and selling on Monday, spiking to 40 cents earlier than retreating to 25 cents in a rollercoaster session that skilled greater than $5 billion in buying and selling quantity.
Whereas Techno Revenant calmly collected a $250 million payday, others weren’t as fortunate as hackers ran a focused phishing marketing campaign in opposition to WLFI token holders.
Safety specialists labeled it a “traditional EIP-7702 phishing exploit” as hackers exploited a loophole tied to Ethereum’s latest Pectra improve.
Learn extra: Holders of Trump’s Crypto Token Focused by Hackers in Phishing Exploit
