A certain wallet incurred a loss of $477,000 due to front-running before the NYC token announcement in New York City.

MarsBitNews · 2026-01-13T12:18:51+00:00

A certain wallet engaged in front-running trading before the NYC token was launched in New York City, buying 10 minutes before the announcement and making a short-term profit of $250,000. However, due to holding the position for too long, it ultimately suffered a loss of $477,000. After NYC was launched, its market value once reached $600 million, but then plummeted by 70%.

MarsBitNews

2026-01-13 12:18:51

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Mars Finance reports that, according to data from bubblemaps cited by Crypto Fearless, a certain wallet made a front-running trade resulting in a loss of $477,000 before the NYC token announcement in New York City. After the NYC token was launched, its market cap surged to $600 million, but the team subsequently withdrew $2.5 million USDC from the pool, causing the price to plummet by 70%. There was a 20-minute window between the deployment of the tradable pool and the NYC token announcement for front-running trades. A certain wallet bought in 10 minutes before the announcement and temporarily gained an unrealized profit of $250,000, but due to holding the position too long and panic selling, it incurred a loss of $477,000.

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