A news trader spent approximately $36,000 on node bribes and gas fees to front-run a purchase following the Niu Lai token listing announcement, but ultimately incurred a $14,000 net loss.
The trader paid 42.4 BNB, worth about $31,000, to BNB48 Club as a bribe, used 200 BNB to buy 1.422 million Niu Lai tokens at $0.10 each, and paid an additional 6.87 BNB, or about $5,150, in gas fees. The tokens were later sold for $172,000 USDC at $0.12 each, generating a $22,000 trading profit before the bribe and gas costs were deducted.
News Trader Loses $14,000 After Spending $36,000 to Front-Run Niu Lai Listing
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