The WTF Token airdrop did not go as planned after one bot ran away with 58TH or $180,000 after draining it from one user.
According to some people, there was not enough liquidity on Uniswap, which is why bots can easily control the token’s price. What really happened during the WTF token launch?
Disastrous WTF Token Launch
(Photo : olieman.eth from Unsplash)
One ETH user has reportedly lost 58 ETH or $180,000 during the recent airdrop of WTF Token.
According to a report by FXStreet, the airdrop that took place on Thursday, Jan. 13, saw a user who lost more than $135,000 worth of Ether. The person was reportedly buying WTF or Fees. wtf tokens) just in time, it happened in the Ethereum blockchain.
At that time, there was an accidental swapping of ether and WTF tokens. The user unintentionally swapped 42 ETH in exchange for 0.00004 WTF.
At the time of publication on Friday, Jan. 14, the data from CoinGecko suggested that the value of WTF Token sits at $0.136749, a decline of 51.5%.
WTF Token Has Low Liquidity
During the airdrop, there were crypto investors who felt skeptical about the Fees. wtf developers. It turned out that the low liquidity in the trading pool was the one to blame for the issue.
According to Cointelegraph, Fees. wtf is a site that allows Ethereum users to see their lifetime spend for all blockchain…