A crypto user spent $113,000 in gas in an apparent attempt to snipe the launch of a new ERC-404 token, which pumped and dumped to zero just 35 minutes later.
In typical bull-run fashion, a crypto user has just been spotted spending a staggering $113,000 in gas fees in an attempt to purchase $26,000 worth of a newly launched token.
Unfortunately for them, the token was seemingly "rugged" no more than 35 minutes later.
According to transaction data from Etherscan, a single wallet address interacted with a smart contract address on Feb. 13, transferring 10 ETH (worth approximately $26,000) to the contract.
