Trader Nets About $277,000 on ZEST Token Snipe, Lookonchain Says

According to Lookonchain, the trader spent roughly $943,000 including 536.88 BNB to acquire 18.3 million ZEST tokens, then exited the full position for about $1.22 million.

BNB

Summary

A trader made an estimated $277,000 net profit using a sniping strategy on newly launched token ZEST, according to blockchain analytics account Lookonchain. The trader paid 536.88 BNB and spent about $943,000 in total to buy 18.3 million ZEST tokens, then later sold the entire holding for about $1.22 million. Lookonchain described the trade as another indication of active MEV (maximal extractable value, profit from transaction ordering) behavior around new token launches, where fast execution and transaction placement can help traders capture early price moves.

Terms & Concepts
  • MEV (maximal extractable value): Profit that can be captured by influencing transaction ordering, inclusion, or execution on a blockchain network.
  • Sniping strategy: A trading approach that targets very early token purchases at launch in an attempt to benefit from rapid price increases.
  • BNB: The native token of BNB Chain, commonly used to pay network fees and trade assets in that ecosystem.