Binance launches CHEEMS and WHY, and the big players’ transactions on the chain are exposed: one person left the market with half of his money, and another suffered losses due to the pinch

PANews reported on November 25 that according to on-chain data monitored by X user @_Allan_Wei_2022 , after Binance announced the launch of CHEEMS and WHY contracts, the endings of the first two large buyers were intriguing.

Among them, the first large purchase of CHEEMS came from the address 0x94d5Dec1796404ff3544FB09461AF0bC3fb3c2F6 , with a total investment of about US$200,000. However, the address failed to profit from the fluctuations and eventually left the market with a "halved" loss, resulting in heavy losses.

The first large purchase address of WHY was 0x03b7C1414857Ae0bCa09116d4A01175D4d9B86ad , which also invested about $200,000. Unfortunately, during the transaction, it encountered a "sandwich attack" by the on-chain trading robot (i.e., a pinch attack strategy of preemptive trading and subsequent price increase), and finally sold it quickly after buying, with a loss of only $25,000.