This guy on Base is making a boatload of cash. These days its about $3000 USD/day, but based on the outflow of ETH he had a month with $700k profit. I want to know how. This is his address: 7bECA9348b79e545d5F0b8fD178Dced98B4D45b2. 1. How does BaseScan know which tokens were transferred? 2. How does this guy make his money? Is it arbitrage?
>>58423852Lets take one example transaction:[0x]e4cb1958f2996c3be7ac9ea2566efbed5b44a1c6a975d936f08b44c05f53ce81He interacts with unverified smart contract A: [0x]E5Abd2089568eb38831355f3680F4Ba2C81a22b6As a result wrapped ETH is sent from UniswapV3Pool to smart contract AThen unverified smart contract B sends USDC to UniswapV3PoolThen unverified contract A sends wrapped ETH to smart contract BThe input data is completely useless and does not include USDC ([0x]833589fCD6eDb6E08f4c7C32D4f71b54bdA02913) or wETH ([0x]4200000000000000000000000000000000000006):Function: multicallN2M_001Taw5z(uint256 collectionAndSelfcalls,bytes[] data) ***0x00000001a1f41129ad2754000000010bea67877bf2edb501000100005231de20982860d9f1000000d0b53d9277642d899df5c87a3966a349a798f224000000b92a9a91a9f7e8e6bb848508a6daf08f9d718554010003
nobody cares.Somebody exploits a bunch of pyramid schemes, so what?
Insider trading. Most meme coin pumps are just insiders. Its real simple. First you load up. Then you make the liquidity real thin and put in a few big buy orders to pump the chart straight up. Then when other buyers rush in because of the pump you dump on them. 99% of people are too stupid to understand how liquidity pools work so they chase meme pumps and wonder how people got in before it pumped.
>>58423873If you understand it, you can leverage it to make money yourself.>>58423885I have seen this before, but this is not how this account makes money.
>>58423938The liquidity on base is sad. The liquidity on all chains is sad. Its just insider trading.
>>58424113Did you check the account I mentioned above?
>>58423852>>58424163inb4 hurrr let’s buy whatever he’s buying!!!1! I see you, OP
>>58424174If this guy has some insider knowledge and/or made an algorithm that is highly profitbale, then it is at least worth simulating if you can make money copying him. Is that so far fetched?
>>58423852>>58423853obviously he found free money, quickly tell me how he did it so I can send you all my information and my mother's maiden name.
>>58424480>>58424174>>58424113>>58423885>>58423873Are you all retarded? Is this all the same guy with different accounts?
>>58423852Eth must be destroyed
>>58424163why should I if I can get a "macro" picture on the situation "on.chain" and just check the different liquidity pools. Who, beside maybe financial crime detectives give two shits about some whatever above money laundering bullshit above is - and no, there is likely not more liquidity coming to help obfuscate whatever above is
