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Markets are running hot. Inflows to crypto funds in the second week of January totaled $1.24 billion. Galaxy Fox (<a href="https://galaxyfox.io/?utm_source=web&amp;utm_medium=pr&amp;utm_campaign=crypto.news&amp;utm_content=62" target="_blank" rel="noopener noreferrer nofollow">GFOX</a>)&nbsp;is in stage 7 of its presale as a dogwifhat (WIF) trader loses $1.7 million to an MEV bot.&nbsp;
<h2 class="wp-block-heading" id="strong-dogwifhat-trader-loses-1-7-million-to-mev-bot-strong">Dogwifhat trader loses $1.7 million to MEV bot&nbsp;</h2>
Investors should be cautious when buying crypto with low on-chain liquidity.
Recently, a trader purchased $8.9 million worth of dogwifhat, a meme coin on Solana, in a single order. However, the trader ended up losing $1.73 million to an MEV bot.
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It was a back-running strategy, which is less harmful than typical sandwich attacks on Ethereum.&nbsp;
The buy order significantly increased WIF prices. Moments later, prices sharply fell.
<h2 class="wp-block-heading" id="strong-galaxy-fox-presale-in-stage-7-strong">Galaxy Fox presale in stage 7&nbsp;</h2>
Galaxy Fox is currently in Stage 7 of its presale.
The platform is benefiting from the growth of GameFi and increased meme coin speculation due to its hybrid build.
You might also like: <a href="https://crypto.news/holders-of-dogecoins-rival-galaxy-fox-are-bullish/" rel="noopener noreferrer nofollow"> Holders of Dogecoin’s rival, Galaxy Fox, are bullish </a>
Its NFT collection provides players with in-game skill bonuses that improve their chances of winning prizes in the Web3 runner game, where players compete globally to finish in the top 20% of the leaderboard.
Ecosystem growth is directly proportional to payouts paid to stakers using taxes.&nbsp;
GFOX is also deflationary.
<h2 class="wp-block-heading" id="strong-closing-thoughts-strong">Closing thoughts</h2>
It is essential to learn from the mistakes of others, like the buyer who invested in WIF, and spend time investigating alternatives, including GFOX, a deflationary token whose presale is ongoing. Galaxy Fox stakers also earn rewards.
Read more: <a href="https://crypto.news/analyzing-galaxy-foxs-presale-what-you-should-know/" rel="noopener noreferrer nofollow"> Analyzing Galaxy Fox’s presale: what you should know&nbsp; </a>
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GFOX presale in stage 7, WIF trader loses $1.7m to MEV bot

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