A crypto trader has recently realised substantial gains through a shrewd investment in the newly launched Ethervista (VISTA) token.
On August 31, just as the Ethervista protocol went live, this trader invested $5,000 in VISTA, which at the time represented approximately 5% of the total circulating supply of the token.
This bold move positioned the trader to capitalise on the early excitement surrounding the platform, which has since been described by many as Ethereum’s counterpart to Solana’s Pump.fun.
Within a mere two days, this initial investment yielded over $670,000 in profits, converted into Ether (ETH), following a strategic distribution of the VISTA holdings across seven different wallets.
According to a September 3 post from Arkham Intelligence, the trader achieved a remarkable return of over 130 times the initial investment.
The meteoric rise in VISTA's value was notable, given that its market capitalization soared to approximately $30 million within just two days of launch, with prices peaking at $28.80 on September 2 before experiencing volatility due to the liquidity unlock on September 4.
Designed with a nostalgic Microsoft Windows-inspired theme, Ethervista is making waves as a decentralised exchange (DEX) and token minting marketplace built on Ethereum.
It is engineered to allow users to create and launch their own tokens, primarily focusing on memecoins.
Ethervista’s distinctive features include a “fair launch model” where 100% of the native VISTA tokens are allocated to liquidity providers and secured with a five-day lock to prevent early rug pulls.
This approach aims to address common issues seen in token launches, such as immediate liquidity problems and potential scams.
Unlike traditional DEXs, Ethervista operates on a model that charges fees in native ETH, which are then distributed to liquidity providers and token creators.
This system has resulted in a significant spike in gas fees, with Ethervista becoming the third largest consumer of Ethereum gas over the past 24 hours, consuming 21.73 ETH according to Etherscan data.
Source: etherscan.io/gastracker
Gas fees on September 2 hit more than 146.75 ETH. (Source: etherscan.io/gastracker)
This surge in gas consumption reflects the platform’s rapid adoption and high level of activity.
VISTA features a deflationary tokenomics model with a capped supply of 1 million tokens.
To bolster the token's value, Ethervista employs an automatic buyback and burning mechanism that has already reduced the token supply by over 2.17%.
This strategy is intended to create upward pressure on VISTA’s price by continuously lowering the available supply.
The platform's success and VISTA’s price increase have not gone unnoticed.
As of the latest data from CoinGecko, VISTA has surged by 33.6% in the last 24 hours, reaching $20.87.
This impressive gain is part of a broader trend of rapid appreciation, with the token achieving its peak valuation of $28.80 shortly after launch.
Ethervista's launch has generated significant attention, positioning it as a notable player in the competitive memecoin and DEX space.
Its rise comes in the context of a broader crypto landscape that includes high-revenue protocols like Pump.fun, which has reported daily revenues exceeding those of its competitors combined.
The emergence of Ethervista represents a strategic response to this competitive environment, filling a perceived gap in the Ethereum DeFi ecosystem and aiming to rival other networks like Solana, Base, and Tron.
The competitive dynamics are further complicated by other emerging projects such as SunPump on the TRON network, which has attracted attention due to its aggressive promotional tactics and plans for a comprehensive on-chain buyback and burn process.
As the market evolves, platforms like Ethervista will continue to play a critical role in shaping the future of decentralised token creation and trading.
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