News/A Whale Paid 64 $ETH in Gas for Meme Coin Purchase, Earns Over 100 $ETH Now

A Whale Paid 64 $ETH in Gas for Meme Coin Purchase, Earns Over 100 $ETH Now

May 08,2023,17:00

According to WhaleAlert's report, earlier today, fadedface.eth bought $FOUR, a Meme Coin, on Uniswap V2 with 84 $ETH. The whale paid an eye watering amount of 64 $ETH (around $119K at the time) in gas for this transaction.

The transaction quickly sparked discussions within the crypto community, with some suggesting that it was an intended marketing campaign. This viewpoint could be right, as fadedface.eth's $FOUR holding is currently worth 352 $ETH, with around 104 $ETH in profit.

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