Since its launch on September 1, VISTA, the native token of Ethervista, a website like Pump.fun on Ethereum, has seen significant gains.
Right now, it is very unstable, with a high of $24.70 and a low of $13.71. A website called DEX Screener says that the token trades for about $53 million every day and has a market value of $15.2 million.
It hit a high point of $28.80 in the first day after it was released, but it has since dropped by more than 50%. Major investors became more active, which helped the first rise.
One of these investors bought 79,070 tokens for 10.5 WETH on September 1. They now hold the first and third most VISTA. This individual made more than 16 times their initial investment when they sold 42,100 VISTA tokens for 170.39 WETH over the last two days.
Whale Profits From VISTA
Lookonchain says that a whale named “frenulum.eth” made 274 ETH, which is about $696.7K, by selling the token in just two days, getting a 134x return. This investor bought 52,822 VISTA tokens with 2.05 ETH, which is about $5.1K, and then sold them for 276.5 ETH, which is about $701.8K.
There will only be 1 million VISTA tokens issued at a time. Ethervista has a feature that automatically buys back and burns tokens. This is done to lower the total number of tokens and possibly raise their value over time. More than 2.17 percent of the project’s tokens have already been burned.
s4mmy.moca says that Ethervista has a 5-day liquidity lock for artists. This is to protect them from rug pulls, which usually happen between 2 and 4 days after a project launches. Scammers who start memecoins and then leave them soon after they go live often go after Pump.fun.
The Token is becoming more popular after SunPump’s success. SunPump is a new memecoin platform on the Tron network that has done better than its predecessor Pump.fun by releasing more coins and making more funds.
Based on data from DeFi Llama, the SunPump community has locked up a total of $1.46 million in value, and it now makes $49.77 million a year in fees.
But people are not as interested in memecoins as they used to be, and the value of many of the most popular memecoins has dropped a lot in the last year.
