ZEST Launch Sees High-Value Sniper Transaction: Trader Nets Approximately $277K Profit After Paying Around $343K in 'Bribe Fees'

Odaily Odaily reports that according to Lookonchain monitoring, a trader utilized a sniping strategy to participate in trading during the early stages of the ZEST token launch, paying approximately 536.88 BNB (around $343K) as a "bribe fee" to secure priority transaction execution rights.

The trader then invested an additional approximately $600K in USDT to buy about 18.3 million ZEST during the opening phase, bringing the total cost to roughly $943K.

Subsequently, the trader sold their entire position, recovering approximately $1.22 million, ultimately realizing a net profit of about $277K. This event once again highlights the prevalence of MEV (Maximal Extractable Value) and sniping activities in on-chain trading during the launch phase of new tokens.