savm

ChainCatcher news, Bitcoin Layer2 project SatoshiVM announced on social media that its Alpha mainnet will go live on March 15.It is reported that this phase will launch a series of features, including SAVM staking, token cross-chain bridge, 30-second internal token deployment, and low-cost trading of BRC20 tokens, etc.

ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, first trapped and then stolen, an address that bought SAVM at a high price has accumulated a loss of 2.75 million dollars. This address purchased 193,000 SAVM at an average price of 10.17 dollars on January 23, and then suffered an unrealized loss of 870,000 dollars in the following two days. Last night, due to an ERC-20 Permit authorization signature, it was phished, and the hacker transferred all SAVM and liquidated its aEthWETH worth 600,000 dollars, totaling a loss of 2.75 million dollars.

ChainCatcher news, according to CoinDesk, the SAVM token of SatoshiVM has attracted attention due to internal trading disputes just hours after its issuance. The market capitalization of the SAVM token once reached 90 million dollars after its release, but it soon sparked controversy.According to on-chain analysis tool @bubblemaps, 15% of the token supply was sent to a few wallets, which are reportedly owned by market influencers who sold the tokens immediately after receiving them.SatoshiVM claims that its protocol is a Bitcoin second-layer protocol that utilizes zero-knowledge convolution technology. Despite the controversy surrounding the SAVM token after its issuance, its price has fluctuated between 7 and 14 dollars since January 19 and remains of interest among retail traders. The SatoshiVM team has denied all allegations and plans to hold a community Q&A session on Thursday to directly address inquiries.

ChainCatcher news, according to Lookonchain monitoring, on-chain data shows that 2 whales bought more SAVM after the price of SAVM tokens dropped, but they still incurred a loss of 1.33 million USD on SAVM. The address starting with 0xe939 spent 200,000 USDT 2 hours ago to buy 24,900 SAVM (average price 8.02 USD), and has spent a total of 1.45 million USDT to buy 118,000 SAVM (average price 12.27 USD). This address has lost 617,000 USD at the current price.The address starting with 0x0c00 spent 50,000 USDT 2 hours ago to purchase 7,543 SAVM at an average price of 6.63 USD, and has spent a total of 2.1 million USDT to purchase 193,000 SAVM at an average price of 10.84 USD. This address has lost 716,000 USD at the current price.

ChainCatcher news, Spot On Chain posted on platform X that due to ongoing conflicts between Ape Terminal, SatoshiVM, and Mac, the SAVM token has dropped by 32%. According to on-chain data: the SAVM Insight wallet has no activity, and the outflow of "smart traders" has increased to 382,000 SAVM.CoinGecko data shows that the price of the Bitcoin Layer2 project SatoshiVM's SAVM is currently $7.58, with a 24-hour decline of 29.4%.Previously, KOL Mac stated on platform X: "The Launchpad project Ape Terminal has engaged in deceptive practices in all its ID0 releases. All winners are from the Ape Terminal team. In addition, they charged a 25% fee. Ape Terminal refunded all SAVM tokens to the SatoshiVM team but made millions by selling the winners' wallets." In response, Ape Terminal stated: "SatoshiVM was founded by KOL Mac, who holds a large amount of unlocked SAVM and made $10 million in profit in one day."

ChainCatcher news, the Bitcoin ZK Rollup Layer2 solution SatoshiVM officially stated that it will extend the unlocking period for the SAVM tokens of the team, advisors, and launch partners. The SAVM tokens for launch partners will be locked for 3 months, and then 4% will be gradually unlocked each month over the next 12 months; the SAVM tokens for advisors will also be locked for 3 months, followed by a 2-year linear token unlock; the tokens for SatoshiVM contributors will be locked for 6 months, followed by a 2-year linear token unlock.

ChainCatcher message, Lookonchain monitoring shows that a wallet associated with the @SatoshiVM team is selling SAVM tokens. The wallet address (referred to as "0xfdac") received 420K$ SAVM (worth about 4.7 million dollars) from the @SatoshiVM team's wallet. Subsequently, the wallet transferred 189,700$ SAVM (worth about 2.12 million dollars) to 24 new wallets and has already sold 124,739$ SAVM for 504 ETH (approximately 1.24 million dollars).

ChainCatcher news reports that, according to Arkham monitoring, two days ago, when SAVM was launched, over $3 million worth of ETH attempted to snipe immediately after liquidity deployment. The top three most successful snipers made over $1 million within 12 hours.It is reported that the largest sniper address 0x278 bought 2 million SAVM for $333,000 and sold it for a total of $1.7 million within the next half hour. He needed to pay about $350,000 to include the transaction in a block, but ultimately made over $1 million in just 40 minutes. The second-largest address invested only $220,000 to acquire 450,000 SAVM tokens. However, he still needed to pay nearly $300,000 to the block producer to complete the transaction. He sold most of the SAVM in the first 3 hours for a total of $1.4 million, but still held $120,000 worth of SAVM in his account. The total profit exceeded $1 million. The last sniper diversified his purchases across multiple accounts, using 5 accounts, each purchasing with about 15 ETH. He spent a total of 90 ETH to buy 191,000 SAVM tokens and gradually sold them over the next 9 hours, earning a total of 618.4 ETH ($1.5 million).

ChainCatcher news, according to monitoring by Lookonchain, SatoshiVM has transferred 1,217,818 SAVM (approximately 10.5 million USD, accounting for 11.5% of the total supply) to 248 KOL addresses, including Thor Hartvigsen. Currently, these 248 addresses still hold 483,493 SAVM (approximately 2.16 million USD), while 734,325 SAVM (approximately 6.32 million USD) have been transferred or sold.

ChainCatcher news, according to Bubblemaps monitoring, the four accounts holding the most SAVM tokens are all funded by the same wallet, accounting for approximately 40% of the supply.

ChainCatcher news, according to Lookonchain monitoring, in just 3 hours, the address starting with 0x278 made a profit of 6.77 million dollars on SAVM. This address used a bribe of 141.66 ETH through BananaGun to become the first address to purchase SAVM at the opening, buying a total of 2.61 million SAVM at a total cost of 277.66 ETH (approximately 681,000 dollars).Currently, this address is selling SAVM and has already sold 2.16 million SAVM for 4.38 million dollars. Its 4 subordinate wallets still hold 450,000 SAVM (approximately 3.07 million dollars). The total profit is approximately 6.77 million dollars.

ChainCatcher news, according to official information, SatoshiVM has announced the basic information and distribution details of its token SAVM. The total supply of the SAVM token is 21 million, with the distribution ratio including: ecosystem 36.5%, liquidity 30%, contributors 15%, Bootstrapping 15%, Bounce Finance IDO 2%, APE Terminal IDO 1%, MUBI mining pool 0.4%, BSSB mining pool 0.1%.