An on-chain trade tracked by analyst Ember shows how costly speed can be in listing-driven speculation. One second after Binance published its listing announcement for Niu Lai, a so-called news trader paid 42.4 BNB to the BNB48 Club node as a bribe and used a private RPC channel to buy 1.422 million Niu Lai with 200 BNB at $0.10. To improve transaction priority and execution odds, the trader also spent another 6.87 BNB on gas. The position was then fully unwound within 15 minutes at $0.12, bringing back 172,000 USDT. The spread between the buy and sell prices generated about $22,000 in profit on paper. Still, once the bribe and gas costs were added together, the total extra expense reached roughly $36,000, leaving the trader with a net loss of $14,000. The case, according to Ember’s monitoring cited by Odaily, shows that getting in first does not always translate into final profit when transaction costs surge.
Odaily reported, citing on-chain analyst Ember, that a so-called news trader moved one second after Binance published its listing announcement for Niu Lai.
The trader paid 42.4 BNB to the BNB48 Club node as a bribe, then used a private RPC channel to spend 200 BNB buying 1.422 million Niu Lai at $0.10.
To raise transaction priority and improve the odds of execution, the trader also paid 6.87 BNB in gas fees.
Within the next 15 minutes, the trader sold the entire Niu Lai position at $0.12 and received 172,000 USDT. The difference between the entry and exit prices produced a gain of about $22,000, but the bribe and gas fees together came to roughly $36,000, resulting in a final loss of $14,000.
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