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The markets are heating up. Inflows to crypto funds in the second week of January amounted to $1.24 billion. Galactic Fox (GFOX) is in stage 7 of its pre-sale when a dogwifhat (WIF) trader loses $1.7 million due to an MEV robot.
Dogwifhat Trader Loses $1.7 Million on MEV Robot
Investors should be careful when purchasing cryptocurrencies with low on-chain liquidity.
Recently, a trader purchased dogwifhat, a meme coin on Solana, worth $8.9 million, in a single order. However, the trader ended up losing $1.73 million to an MEV robot.
It was a pushback strategy, which is less damaging than typical sandwich attacks on ethereum.
The purchase order significantly increased WIF prices. Moments later, prices fell sharply.
Galaxy Fox pre-sale in stage 7
Galaxy Fox is currently in Stage 7 of its pre-sale.
The platform is benefiting from the growth of GameFi and increased speculation in meme coins due to its hybrid construction.
Its nft collection offers players in-game skill bonuses that improve their chances of winning prizes in the Web3 runner game, where players compete globally to finish in the top 20% of the leaderboard.
The growth of the ecosystem is directly proportional to the payments paid to stakeholders through taxes.
GFOX is also deflationary.
Final thoughts
It is essential to learn from the mistakes of others, like the buyer who invested in WIF, and spend time researching alternatives, including GFOX, a deflationary token whose pre-sale is ongoing. Galaxy Fox bettors also get rewards.
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