Just made $362 profit in 10 minutes on a $500 bet by flash buying/selling Iron Finance’s new scam token

Absolutely do not do this. You will lose all your money. Extremely high risk strategy that will definitely end in tears if attempted. ICE tokens are flash farm tokens that will eventually be worth pennies at best.

However, the incompetent mugs at Iron Finance posted on Twitter that their new ICE token farms were opening up today. So I thought, hmmm…that means people will be buying ICE tokens like crazy once the farms are activated.

So I went to Dfyn, bought 29.88 ICE for 500 USDC, waited for the farms to open up so the price pumped, and then 10 minutes later sold my 29.88 ICE for 862 USDC. 20 minutes later the token had dropped 50% in value.

Ka-ching, USDC straight back into Curve for some safe(r) yields.