After the launch, the value of the altcoin rose sharply, reaching almost $ 15. This was facilitated by the support of various crypto influencers who actively promoted the project in their communities.

However, a well-known ZachXBT researcher called on the community to be vigilant, pointing out that when opinion leaders with a large audience start simultaneously advertising a project, this is probably due to the fact that they have dedicated tokens that they are going to sell.

Analysts of the LookOnChain platform confirmed this by discovering that the SatoshiAVM team allocated 1.2 million tokens (which is 11.5% of the total supply) worth $10.5 million for 248 addresses of influencers. These influencers, in turn, sold more than 50% of these tokens, which significantly affected the price of SAVM, reducing it to about $9.39.

While many investors were exposed to the price drop, two experienced traders earned almost $8 million using a bot called Banana Gun, which was designed to quickly purchase newly issued tokens.

According to LookOnChain, the first trader paid 141.66 ETH for tokens during the launch and subsequently sold about 2.16 million SAVMS for $4.38 million, leaving approximately 450,000 coins worth $3.07 million in four different wallets. The total profit was about $6.77 million.

Similarly, the second trader paid 121.07 ETH for tokens at a low price and sold 444,483 SAVMS for 602 ETH, earning approximately $1.49 million.