Analyst: "The sale of 1 SPK for nearly $20,000 at a certain address" was caused by an operational error when another address created the SPK/USDT liquidity pool

ChainCatcher news, according to on-chain analyst Ai Yi (@ai_9684xtpa), user teochew.eth made an operational error when creating the SPK/USDT liquidity pool on Uniswap V3. The user intended to set a price range of 1 USDT = 19.931 SPK, but mistakenly set it to [19.931, 996210] and injected 19,998 USDT of unilateral liquidity. Subsequently, address 0x7ef…A3207 quickly exploited this error for arbitrage trading.

Previous report indicated that address 0x7ef…A3207 sold 1 SPK through the Uniswap V3 pool for nearly 20,000 USD.