New Crypto Token Sees Meteoric Rise and Fall After Controversial Influencer-Hyped Launch
• SatoshiVM (SAVM) token price surged over 100x after recent launch, generating big profits for early investors
• Launch saw participation from 23K+ individuals, with winners claiming SAVM tokens and ETH rewards
• Influencers promoted token launch to communities after receiving large allocations, later dumping tokens
• Two savvy traders utilized sniping bot to secure first SAVM purchases, making nearly $8M profit
• After peak, SAVM price retracted partially due to selling pressure from influencers' allocated tokens