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$ZACHXBT Token Makes Waves: Whales, Profits, and Market Moves

Tags: new
DATE POSTED:January 22, 2025

A new token named $ZACHXBT has entered the crypto scene, garnering significant attention.

Out of its total supply, 500 million $ZACHXBT (50%) were transferred directly to on-chain investigator @zachxbt’s wallet. This bold move has sparked curiosity and speculation within the crypto community.

https://twitter.com/ai_9684xtpa/status/1881618350251692438?t=ELHY3ns6IOvHH8w9Y301Qg&s=19

$3.87M Liquidity Withdrawn and Transferred to Wintermute

In a recent liquidity transaction, @zachxbt added and removed liquidity, withdrawing 16,059 $SOL valued at $3.81 million. Shortly afterward, 16,348 $SOL, equivalent to $3.87 million, was sent to the trading giant Wintermute.

This transfer has fueled discussions about the token’s utility and future trajectory.

https://twitter.com/lookonchain/status/1881663737230450712?t=hY-KJpMgqoqYM1_6R-cyhA&s=19

The market cap of $ZACHXBT has surged past $30 million, largely driven by high-profile buyers. One major investor acquired 4.1% of the token’s supply in a single purchase, while another continuously increased their holdings.

Whale Activity: $1.08 Million Invested in $ZACHXBT

A whale, identified by the wallet address J9Hqx…XrQeB, has aggressively bought $ZACHXBT, investing $1.088 million to acquire nearly 10.18 million tokens over a 22-minute period.

This purchase solidified their position as the second-largest holder. The whale’s average buy price was $0.05296, and they are now sitting on a floating profit of $508,900.

https://twitter.com/ai_9684xtpa/status/1881626398500290690

Quick Profits: $1.18M Earned in Minutes

Just 12 minutes ago, this same whale offloaded 41 million $ZACHXBT tokens at a price of $0.06943, making a staggering profit of 4,886.88 $SOL, approximately $1.18 million. With an initial cost of $0.04043, this swift trade showcases a high-stakes gamble.

https://twitter.com/ai_9684xtpa/status/1881636749568602127?t=ATD1LECAuBBBgR33fX9x7g&s=19

The massive sell-off caused the token’s price to plummet to $0.02134, highlighting the volatility of this new asset. With speculation running high, $ZACHXBT appears to be more of a risky gamble than a faith-driven project.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: loft39studio/123RF // Image Effects by Colorcinch

The post $ZACHXBT Token Makes Waves: Whales, Profits, and Market Moves appeared first on The Merkle News.

Tags: new