Recently, an experienced trader managed to earn $59,000 in just 11 hours by investing only 1 Ethereum (ETH), valued at around $2500. This user was trading the MINER token, which is based on the ERC-404 standard, and used an increased amount of gas to expedite transactions.
At the beginning of their journey, the trader withdrew 1 ETH from the Binance exchange and invested only 0.065 ETH (approximately $163) to purchase 1073 ERC-404 MINER tokens. Despite modest initial investments, they used 0.802 ETH (around $2010) for gas fees to accelerate transaction processing. Subsequently, the trader quickly sold 722 MINER tokens for 19.11 ETH, spending an additional 0.5 ETH ($1244) on gas fees. As a result, they were left with 350 MINER tokens worth approximately $15,000, which, combined with the previous profit, amounted to a total income of $59,000.
This case is not unique, as traders are earning significant profits from tokens based on the new ERC-404 standard. For example, another investor earned over $166,000 in two days with the DeFrogs token, also utilizing this standard. The trader invested 0.258 ETH ($613) to purchase 100 DEFROGS tokens, paying 0.08 ETH ($190) for them and a transaction fee of 0.178 ETH ($423). The token's value increased, and the trader sold 60 DEFROGS for 27.8 ETH ($67,000). DEFROGS is a meme coin inspired by the PEPE project and utilizes the innovative ERC-404 standard.
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