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Addresses involved in this transaction :
0x95CabFF33049a0Ea34f26Ca3D797D1D818b46Fb7
0x5a608B8a56ABb71cd7D2cB68e656cA669Bc1E4B0
0x2Eb0a3591f0CAE962202E8A1F28931af8d6304c8
0x590D731Da879cc05BD15443d95949C6ceDE64CB3

Details of what and how they did it here
https://twitter.com/lookonchain/status/1685656638328557569


https://i.ibb.co/gDKrnc4/F2-Sn-MNOa-UAEKtoe.jpg (https://ibb.co/nDJwWKP)

Not just smart but you also need to be very lucky to make that happen. And it just shows that it can be done, but as I have said, it's the combination of being have the money and then extreme luck to find the project early and invest with your money.

So you have to risk that $1000 and believed that you can turn it to $1 million in one day.

How many of us is willing to take that risk?

It's not smart.

It's called (Insider-Trading) he got early-information about the listing. Fun-fact, my self working as moderator we got some early information as well for the project I was manage to hit listing on exchange.

I can buy the token before listing on the new exchange. So, this one it's not smart just because he got insider-information and make him (insider-trading).

That's good for him if he made that much with $1k and as ryza said, that guy probably have the advantage of knowing the firsthand of its listing.
For someone who doesn't have that much, actually $1k is already a lot. But if you're sure of what's going to happen, you're going to invest on that without any hesitation because you know that you'll be making that much afterwards. Maybe this guy is also one of the devs, who knows? Because it's common to see such people making that much in the firsthand knowing that they're part of the team.

That could be the case, it's a very risky move but rewarding if it pays off you should be active in their channel and has contact with their development and the coin should have a shilling marketing, this is called insight, good contact, and extreme luck, not really very rare but a combination of many factors, the guy is a seasoned investor he may have invested on other new coins mostly meme coins or what's trending.

Nope, nope.

Purchase a few hour before the listing is happening, it's clear indicator he have some early information that the token/coin are gonna to be listing on some exchange. I always admire people who are buying shit-token and get success.

But, purchase a few hour before listing while the information are confidential (that's just clear indicator got insider trading).

Some Twitter accounts were making nonsense tweets about how someone made millions by investing a small amount in a token. It doesn't even make sense to see how people keep reacting it.
Lookonchain, dealereth and many more twitter accounts were jus terrible. They were misleading the newbies to follow their method that used by the insider trading. I will believe if it would be shiba but since it's unknown shitty token and i don't trust it.
There have been so many insider trading. It's probably the developer itself. Don't trust it man. You will be only being trapped there.

Or just a smart move to attract other people into investments in that particular coin while he has the information the token will be listed on the exchange? You see he was able to timely manage the investment giving him a big profit bag but don't get overexcited with it and invest large sums seeking the same profit margins because we can't say much about how these tokens gonna work even in Short run.But if you can get such quick profits it's big shot but he might be having early information about it.

What is this project?
https://www.coingecko.com/en/coins/bald#markets
About the many scam projects in the Base ecosystem, see this post.
https://bitcointalk.org/index.php?topic=5463692.msg62714745#msg62714745
Unfortunately, I don't see smart trading here. The buyer probably knew what he was doing.

___
And this is a real trade:

Single Trader Lost $55M on Ether Long Yesterday
That was nearly 30% of all liquidated futures on Binance, the data shows.
https://www.coindesk.com/markets/2023/08/18/single-trader-lost-55m-on-ether-long-yesterday/

Don't be deceived mate, with all the scam projects out there would you throw $1000 on a completely unknown coin? A bet you won't. $1000 is a huge amount of money to risk on an unknown project. I think the buyer had some inside information prior to listing that's why he was able use $1k to buy $BALD.

Probably just some liquidity exit from the owners themselves and it's likely the obvious case. Well, Base network was just launched/opened weeks ago and I guess it doesn't start well with these scams especially the memecoins. The thing is, Base will here to stay and I think you should just pick the real winners on it, I don't think memecoins will be on my list for Base, I'd stick more with defi products.

Exactly so! Such kind of incidents can't be luck! It's cheating! I won't be surprised if that person is a part of the admin group of that coin. Millionaire by luck is a very rare incident. But it looks more time an informed trading decision. So I will say it's a classic case of insider trading which is considered as cheating in real world. No glory in cheating and making money out of it. Usually such kind of things are done by some members of the admin panel of that coin.

Smart has nothing to do with that, it's pure luck.  99.9999% of people will easily lose that $1000 before they would make $1mil off of it.  These projects are all just pump toys to make money for very few while most lose because they buy the tops of these pumps.  It's the sad part of crypto I wish didn't exist.

it makes more sense,
As smart as we are in analyzing a new project, it will not guarantee great success. Unless there is information like that provided by @ryzaadit. It will make more sense. This means that this happens regularly only among people in the company because of course, this information is very limited.

Indeed, sometimes, on the other hand, there are cases where there are investors specifically chasing new tokens, especially hype tokens. Where they buy during the pre-sale, especially, so they can buy at a lower price plus get discounts and bonuses. However, this is also very high risk because not all new projects that are analyzed and taken will actually be listed on an exchange and earn profits. Only certain projects are really hype and listed on an exchange. And it's at the start of the listing that they have to be absolutely right and not late to exit. because once exit, they will fail and miss the moment. But then again, I'm not sure if this is going to happen very often. It is possible that even though they are experienced people in this matter, it could be that out of the 10 projects they participated in, only 2 projects might be successful while the rest were zonk.

I was also wondering why someone are so committed to put so much money into some tokens or coins, it reminds me of someone that invested so much in some meme coins which is milady and really committed to put their money in it which is not some measly amount.
I guess some people are just lucky enough to get the insider information, i also believe that in becoming successful in trading it requires something like insider information instead of being good at analysation so I guess it makes sense now.
for someone that don't got the insiders information then their best bet is to invest when the token price already becoming so low other than that I don't think it will make sense to invest in some random tokens that not even get listed in the exchanges.

Is this the same Bald token that was being issued and traded in Coinbase's new Base network? I am very sorry to be again the messenger of bad news, however, if we are talking about the same token, this is a rugpull speculated to be created by Sam Bankman-Fried or someone who want to make it appear that it was him.

https://i.ibb.co/5WJ1V1k/AECAF75-F-0-FD7-4-D58-AE0-F-78-D306-F5-A481.jpg

The rug-pulling of short-lived, heavily hyped meme coin bald (BALD) has a whole cast of characters, but is one of them Sam Bankman-Fried?

On-chain data suggests interactions between the memecoin BALD’s deployer contract and one of the wallets tagged by Nansen as belonging to Alameda Research - the trading company founded and controlled by Bankman-Fried. The data was cited by several blockchain sleuths on the social media platform formerly known as Twitter and later validated by CoinDesk.

Wintermute’s head of research, Igor Igamberdiev, tied another wallet address 0xccFa05 to Alameda, stating its owner showed strong technical capabilities and proved to be a savvy DeFi user: Trading on the first version of dYdX and Oasis, as well as voting on the first proposals from SushiSwap.

Source https://www.coindesk.com/markets/2023/08/01/bald-token-rugpull-may-have-links-to-sam-bankman-frieds-alameda-data-shows/



Rugpulled by Sam on FTX, rugpulled again on Bald token hehehehehee.

This is what I call luck. The same thing happened when Sei and Cyber were launched on the same day. On the day of the launch, everyone was thinking that the former would perform well due to the hype and all that. But in the end, only those who went all in on the latter enjoyed the game. It went as high as 400+%M

It's nearly impossible. You need all your luck. Making 1 million out of $1,000 means you need a 1000 times increase or 10,000% which is an crazy number. Not everyone has that opportunity. And maybe only 1:1000 people can earn meme coins and then make up to 1000 times increase.

We cannot say that he is smart, but you get information and find the right time, and this case is anomalous and cannot be generalized for all investments, so be careful not to take such stories as a reason to try your luck and invest in these currencies.
It reminds me of someone who mined a Bitcoin block using Solo Miner.

How much is his fortune for some people 55 million is not a loss that makes you poor.

Here the problem is not in the amount of losses but in psychology. When a person has earned a lot of money, he is more naive about investments and makes rash investments. Unfortunately, this has been my own experience. After good earnings, there is usually a losing streak, and the main thing here is not to lose a lot of money and work with good risk management. No need to buy scam tokens and trade with leverage.

Agreed he is really smart but also very lucky indeed. Cryptocurrency has a lot of uncertainty nobody can really tell what will happen next, Sometimes one buys altcoins aiming for profits but the price dips and you hardly escape breakeven and vice-versa. Let's always hope to be on the lucky side.

It is on the spread of such crazy stories that many people buy worthless memcoins. Someone did the impossible, and most often it is a developer or an insider, and now these stories excite the minds of many hamsters. Something similar happened with PEPE, when a story about an investor who bought 250$ worth of tokens and earned 20 million was actively spread. All these stories are created to fuel the hype. 99.9% of everyone who buys such tokens will never be able to repeat the same success. Be realistic.

These sort of stories will fuel the new investors to try their luck and hence these sort of crazy stories of random people without any faces making millions is a sure shot way to keep churning out shit tokens and creating the hype of a million dollar promise so that new investors are attracted towards these shit project and as mentioned earlier by some of the users, majority are inside jobs as they are aware of the pumps well before the general investors and those users usually earn a substantial profit before the bubble bursts.

this kind of thing i'm pretty much sure that it can be pulled by people that have insiders advantage, and I do agree with some statements that these kind of news was spread for marketing stunt in purposes of
garnering attention from the so called meme coins fans to invest in it, even like that we all should know well the fact that such massive investment might only happened to this one person, the other are already very late to invest since the price has already gone up.
at best it will be some measly gains, at worse, instead the token will be going downhill since here on, after all if the news of meme coins massively gaining some rally already spread through some media, then we can be sure that its pretty much late to invests, not that i'm gonna invests in these meme coins anyway.

in short, don't get too tempted on this situation. we don't know the real situation here. most alts will give you false hope and once you get in, as you said, you are already too late.
but if that person has nothing to do with the BALD team, then i would say, he's a very lucky person gaining such amount from his investments. but should be very careful in his succeeding investments as he may got mistake and lose a lot.

Yeah, this is also what I read as well, the someone SBF is also involved or at least he has something to do with it. Not sure how he did it if he is in jail (if I'm not mistaken), but the influence of this guy and his name could really go down in infamy in crypto market if it is proven that again, he pulled this one that makes people losing huge money again.

And maybe this is just a tip, and there could be more projects that we are not aware of that could be tied to SBF and Alameda.

I agree with you. Indeed, if we see such stories with crazy earnings on the Internet, it means that they just want to lure us into another shitcoin. It often happens that many memcoins are similar in name and design and investors get the impression that this is the gem with which they can repeat the success they have read about before.

welcome to insiders profits ::)

This is definitely insiders trading and i would be a fool to believe that. It may be the case that they are trying to create hype by showing tempting offers to get investors. I hope those 4 addresses are probably insiders. However i am not at all surprised by such an event as there are many such pitfalls to be found in the crypto market.

Also, what the cryptonews media hype do not tell everyone is the investor who has earned $20 million has not yet sold the tokens and cannot sell the tokens because the total liquidity provided in Uniswap is not enough to cover everything if he dumps. This is why those tokens dump after they are listed in Binance and the other big exchanges. They need the exit liquidity.

The reality is that there is no cleverness or luck here, a premeditated evil scheme and rugbull with this coin.
As a few mentioned earlier similar to many memecoin projects, most likely the wallet address comes from people on this project team.
Ironically, people only like to look at big profits and ignore the fact that, for the same $1000, out of hundreds of thousands of participants only one gets such a profit, and most of the rest. losses. It's fair to say this game was never worth participating in.

That's exactly what I thought when it was rug-pulled the next day. Things like that almost never happen for no reason, usually, it's a part of some scheme.

Only naive and newbie's are the ones who will get tempted to this but for us experienced users we already know that it's a red flag even just by reading its title alone. I even laugh a bit when I read the name of this token. Really? $BALD? LoL. With a name like this, we can easily say that they are not serious. And this is not the first time I saw it here. That is another evidence that they are only shilling it.

Most altcoins can still give some early profits before they collapsed but it's still not advisable especially for the newbies. There are so many legit coins out there which can also give us a better return but with only less risks so why look for the others?

Getting profit in these types required a luck and the better luck, as well as its required a lot of risks as well. The risks of losing and the risk of management as well. Portfolio can be make better with the luck many times. As I had seen many of the investors, they lose due to their bad luck.

If we are talking about PEPE, this case tells us that liquidity can be enough even when considering the use of only decentralized exchanges. If you take a look at the very famous PEPE wallet that bought tokens at the lowest price, you will see that it sold in small portions exclusively on uniswap. Now, after the passage of time, he still decided to use centralized services. Apparently, the hype has decreased a lot and liquidity on uniswap is not enough to sell millions of dollars worth of tokens. Slippage can happen.

That is why certain category of people become poor again very fast. Like if someone wins a lot of money in lottery, he will loose it all in few months because he is not aware where to invest that money to get consistent income. On the other hand, those who get increment in income gradually, are more proper with the investments. That is why there are so many millionaires who started from zero. However, I think that someone who did what I stated in OP must be a smart guy, he is aware of many similar opportunities in crypto.

Every token has a potential to be  or to have a 1000x price increase but only a few makes it simply because demand will only be triggered by majority and not by potential alone. Insider trading is also possible in this instance  but it could be luck as well. Point here is to invest an amount and see if you've made the right analysis and whether you would earn from it. Every investment is a gamble because of risk present. However, you won't get something if you won't atleast try giving it a shot. Knowing the enlistment of token won't be an enough factor for a price increase so he still earned that opportunity for trying his shot investing in $BALD.

I agree with you. The potential of it overcomming a 1000x price point can't be triggered by the potential of the project. Most project that has a real potential would probably reach that price if they finally have a working product to present to the public that can cause a market demand that can cause their token price to increase. Overnight 1000x is usually cause by a very heavy market demand which tend to occur on a very short amount of time and that opportunity doesnt come always that's why luck is absolutely needed, it's like doing a gamble on a coin that has a lot of uncertainty.

I believe that many people get inspired by such stories and then invest. Later, they tend to express varying opinions about the volatile crypto market. In my view, this seems impractical unless someone possesses insider information about a project's certain success. It appears that the person must have some inside knowledge and decided to take a chance. However, I must emphasize that even then, investing $1000 carries a significant risk in the unpredictable crypto market. If you ask me, even if I had access to such information, I wouldn't invest more than $200. Taking a $1000 risk, despite no guarantees in the crypto market, is commendable.

That’s always how it goes; same happens for a lot of stocks that get bought or taken over; every company should have a policy that insider trading is never allowed but it is hard to fully control it. I bought some shit tokens before in the hopes it would go x10 or higher but still waiting on that moment lol.

High risk, high reward.
For sure a lot of people tried this one and most of them lost their money for sure because of the wrong timing.
Other people also tried it on different meme coins which ended rugged, and they are hoping the same will go with other meme coins that gave huge returns.

I'll be leaning to this one instead of the fact that he's just lucky, but thinking which has a higher chance of it to happen, I think having an insider is more feasible than the investor just being lucky. Being lucky in investing into projects like this is like 1 in a million.

I remembered when I joined in a bounty campaign back in 2018, I manage to join a channel for a particular project where they are sharing the updates there earlier. It's like an inside-trading channel. I manage to maximize it as well gaining profits selling their tokens, but at the same time I feel bad for those investors, and those who joined in their bounty campaign that isn't on that channel because they are already at a loss because developers already sold their tokens way earlier.

Anyway, I don't believe that the person who manage to x1000 his 1000$ isn't lucky, but he has access to an inside-trading channel like you said. To those who are believing that the guy is lucky, wake up, and think that it's almost impossible to happen.

So what's the purpose of this thread? every people who're not buy BALD coin are stupid or we should invest all of our money into BALD in order to make $1 Million?

You can try it by yourself to invest in BALD coin or any other shitcoin to make a lot money in a day, don't forget to give an update about your decision. We have seen few news there are some people make money through shitcoins and we forget there are so many people are get scammed through shitcoins.