Meme Coin Dealer Buys $9M of Dogwifhat (WIF) and Then Loses Over 60% to Slippage

by Jeremy

However putting such massive a commerce order on a comparatively low-liquidity pool appears to have spelled monetary catastrophe: The customer ended up buying WIF at as excessive as $3 as costs spiked instantly, in step with how decentralized exchanges work, earlier than costs plunged again down to fifteen cents, near the extent earlier than the buys, leaving the dealer with a slippage lack of over $5.7 million.

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