After CHEEMS and WHY, one of the big investors on the chain was cut in half and left the market, while another was squeezed and suffered losses

Odaily News According to data disclosed by X user @_Allan_Wei_2022, after Binance announced the launch of CHEEMS and WHY contracts, the trading conditions of the two major accounts are as follows: CHEEMS's first large purchase came from the address "0x94d5Dec1796404ff3544FB09461AF0bC3fb3c2F6", with a cumulative investment of approximately US$200,000. However, the address failed to profit from the volatility and eventually left the market with a "half cut" and suffered heavy losses. The first large purchase address of WHY was 0x03b7C1414857Ae0bCa09116d4A01175D4d9B86ad, which also invested approximately US$200,000. Unfortunately, during the transaction, it encountered a "sandwich attack" by an on-chain trading robot (i.e., a pinching strategy of preemptive trading and subsequent price increases), and eventually sold it quickly after the purchase, with a loss of only US$25,000.