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VISTA

VISTA, the native token of Ethervista, a Pump.fun-like platform on Ethereum, has seen significant gains since its launch on Sep. 1.
At the time of writing, VISTA was experiencing significant volatility, with an intraday high of $24.70 and a low of $13.71. The crypto asset’s daily trading volume hovered around $53 million while its market cap stood at $15.2 million per <a href="https://dexscreener.com/ethereum/0xfdd05552f1377aa488afed744c8024358af02041" target="_blank" rel="noopener noreferrer nofollow">data</a> from DEX Screener.
Within a day after launch, the token hit an all-time high price of $28.80, but it has since lost over 50% of that value. VISTA’s post-launch rally was supported by a surge in whale activity.&nbsp;
Notably, an investor who controls the first and third largest amounts of Vista bought <a href="https://x.com/WuBlockchain/status/1830799893692363253" target="_blank" rel="noopener noreferrer nofollow">79,070 Vista tokens</a> for 10.5 WETH on Sep. 1. In the last two days, the investor sold 42,100 VISTA for 170.39 WETH, making a profit of more than 16X their initial investment.
According to <a href="https://x.com/lookonchain/status/1830790130086629554" target="_blank" rel="noopener noreferrer nofollow">Lookonchain</a>, a whale named ‘frenulum.eth’ has earned 274 ETH (roughly $696.7K) by trading VISTA in just two days, achieving a 134x return. The trader initially invested 2.05 ETH (around $5.1K) to purchase 52,822 VISTA tokens and later sold them for 276.5 ETH (around $701.8K).
You might also like: <a href="https://crypto.news/sunpump-market-cap-reaches-268m-as-sundog-fofar-suncat-tumble/" rel="noopener noreferrer nofollow"> SunPump market cap reaches $268m as Sundog, FoFar, Suncat tumble </a>
VISTA is a deflationary token with a capped supply of 1 million. Ethervista also has an automatic token buyback and burning mechanism designed to reduce the overall supply, potentially increasing the token’s value over time. The project has already burned over 2.17% of its total token supply.
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 It's time to explain how <a href="https://twitter.com/search?q=%24VISTA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$VISTA</a> works ⚡️ VISTA is a value-compounding deflationary currency. Wut ? This means Ethervista is constantly autobuying and burning the token, increasing the floor price each time. This is a type of feature that EthervistaDEX renders possible To… <a href="https://t.co/69LBf3ZQqT" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/69LBf3ZQqT</a>— Ethervista (@ethervista) <a href="https://twitter.com/ethervista/status/1830827448340226492?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 3, 2024</a>
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<a href="https://x.com/S4mmyEth/status/1830577612806082897" target="_blank" rel="noopener noreferrer nofollow">According </a>to s4mmy.moca, one of the key features of Ethervista is a 5-day liquidity lock for creators, which safeguards against <a href="https://crypto.news/pump-fun-exploiter-arrested-allegations-stole-2m/" target="_blank" rel="noopener noreferrer nofollow">rug pulls</a> that often happen within 2-4 days of a project’s launch. Pump.fun has often been <a href="https://crypto.news/nigerian-star-davido-latest-to-be-ensnarled-in-string-of-celebrity-meme-coin-rug-pulls/" target="_blank" rel="noopener noreferrer nofollow">plagued by scammers</a> launching memecoins that are <a href="https://crypto.news/mcdonalds-instagram-hijacked-in-25m-solana-grimace-scam/" target="_blank" rel="noopener noreferrer nofollow">abandoned</a> just hours after they go live.
VISTA is gaining attention after SunPump, a new memecoin platform on the Tron network, <a href="https://crypto.news/tron-surpasses-ethereum-and-solana-in-revenue-generated-in-the-past-24-hours/" target="_blank" rel="noopener noreferrer nofollow">outperformed</a> its predecessor Pump.fun by launching more tokens and generating higher revenues. Per <a href="https://defillama.com/protocol/sunpump#information" target="_blank" rel="noopener noreferrer nofollow">data </a>from DeFi Llama, the total value locked in the SunPump ecosystem has reached $1.46 million, while its annualized fee income has increased to $49.77 million.
However, the interest around memecoins in general has <a href="https://crypto.news/bome-wif-shib-hit-the-hardest-investor-interest-in-meme-coins-declines/" target="_blank" rel="noopener noreferrer nofollow">waned</a>, with some of the most popular memecoins seeing sharp drops in value over the last year.
Read more: <a href="https://crypto.news/sunpump-buoys-trons-24-hour-revenue-over-ethereum/" rel="noopener noreferrer nofollow"> SunPump buoys Tron’s 24-hour revenue over Ethereum </a>

VISTA token surges following launch of pump.fun alternative Ethervista

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