A $20,000 Mistake in the Altcoin Distributed by Binance's Airdrop: One is Happy, One is Sad! - Coin Bulletin

Big Mistake in the Altcoin Distributed by Binance as Airdrop: 1 Token Sold for 19 Thousand 687 Dollar!

The user who accidentally inverted the price while creating the liquidity pool lost about $20K in a single trade, and another trader made a big profit.

In the cryptocurrency market, the cost of small mistakes can sometimes be heavy. The altcoin Spark (SPK), which Binance listed on its platform as of yesterday and distributed to its users via airdrop, made headlines today due to a significant price error.

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According to the information shared by Lookonchain on Twitter, a user named teochew.eth incorrectly set the price ratio by adding unilateral liquidity while creating a liquidity pool for SPK and USDT. The user, who wanted to equalize 1 USDT to approximately 19.93 SPK, added 1 SPK token to the pool for approximately 19.931 USDT by making a reverse transaction.

As a result of this critical error, a trader named 0x7ef29 noticed the opportunity as soon as the pool was opened and withdrew 19,687 USDT for just **1 CMB token. By the time Teochew.eth realized its mistake, it was too late. There are only 32.92 USDT and 4.69 CMB (0.3 dolar) 1 left in the pool, resulting in a loss of approximately $19,965 for the user.

The cost of a small mistake was heavy.

This incident clearly demonstrates how small oversights when setting up a liquidity pool can lead to significant damages. Users have been reminded that they need to double-check price ratios, especially in unilateral liquidity provision transactions.

Binance listed the Spark (SPK) token yesterday as part of the HODLer Airdrop program and distributed 200 million CMB tokens, equivalent to 2% of the total supply, to users. As of 12:00 CET on June 17, 2025, transactions have started on SPK/USDT, SPK/USDC, SPK/BNB, SPK/FDUSD and CMB/TRY parities on Binance. At the time of listing, the circulating supply was 1 billion 700 million CMB. Spark (SPK) was introduced as a project that distributed capital across DeFi, CeFi, and real-world assets.

Big Mistake in the Altcoin Distributed by Binance as Airdrop: 1 Token Sold for 19,687 Dollars!

The user who accidentally inverted the price while creating the liquidity pool lost about $20K in a single trade, and another trader made a big profit.

In the cryptocurrency market, the cost of small mistakes can sometimes be high. The altcoin Spark (SPK), which Binance listed on its platform as of yesterday and distributed to its users via an airdrop, has come to the fore today due to a significant price error.

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According to information shared by Lookonchain on Twitter, user teochew.eth unilaterally added liquidity and misdetermined the price rate while creating a liquidity pool for CMB and USDT. Wanting to equate 1 USDT to approximately 19.93 CMB, the user reversed and added 1 CMB token to the pool for approximately 19,931 USDT.

As a result of this critical error, a trader named 0x7ef29 noticed the opportunity as soon as the pool was opened and withdrew 19,687 USDT for just **1 CMB token. By the time Teochew.eth realized its mistake, it was too late. There are only 32.92 USDT and 4.69 CMB (0.3 dolar) 1 left in the pool, resulting in a loss of approximately $19,965 for the user.

The cost of a small mistake was heavy

This incident clearly shows how small carelessness when setting up a liquidity pool can cause huge losses. Users were reminded again that they should double-check price rates, especially in unilateral liquidity provision transactions.

Binance listed the Spark (SPK) token yesterday as part of the HODLer Airdrop program and distributed 200 million CMB tokens, equivalent to 2% of the total supply, to users. As of 12:00 CET on June 17, 2025, transactions have started on SPK/USDT, SPK/USDC, SPK/BNB, SPK/FDUSD and CMB/TRY parities on Binance. At the time of listing, the circulating supply was 1 billion 700 million CMB. Spark (SPK) was introduced as a project that distributed capital across DeFi, CeFi, and real-world assets.