{"id":18514,"date":"2023-05-09T01:06:35","date_gmt":"2023-05-09T01:06:35","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/worth-it-trader-spends-120k-on-gas-buying-155k-worth-of-a-memecoin\/"},"modified":"2023-05-09T01:06:37","modified_gmt":"2023-05-09T01:06:37","slug":"worth-it-trader-spends-120k-on-gas-buying-155k-worth-of-a-memecoin","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/worth-it-trader-spends-120k-on-gas-buying-155k-worth-of-a-memecoin\/","title":{"rendered":"Worth it? Trader spends $120K on gas buying $155K worth of a memecoin"},"content":{"rendered":"
A single trader just spent a staggering 64 Ether \u2014 equivalent to $118,000 \u2014 in gas fees purchasing $155,000 worth of a memecoin called Four (FOUR).<\/p>\n
According to an update<\/a> from the popular blockchain tracking service \u2018Whale Alert\u2019, the lone trader paid an astonishing $119,157 in Ether (ETH) to complete a Unsiwap trade that swapped 84 Wrapped Ether (WETH) for 13.8 billion FOUR tokens. <\/p>\n A fee of 64 #ETH<\/a> (119,121 USD) has just been paid for a single transaction!https:\/\/t.co\/3w4UD0AZbw<\/p>\n \u2014 Whale Alert (@whale_alert) May 8, 2023<\/a><\/p><\/blockquote>\n It appears as though the trader voluntarily increased their gas fee to speed up the transaction time to purchase the memecoin. According<\/a> to pseudonymous Twitter user @FlurETH, the trader in question is sitting on 133 ETH ($245,667) in unrealized profit on their investment in the memecoin. <\/p>\n\n