2025-12-09 22:05:48

I did something really ridiculous today. Previously, I participated in an IDO for a stablecoin project, and the token was STBL. This time, I saw a contract for STABLE go live on a major exchange, and in a moment of impulse, I assumed it was the same coin.

At that time, I saw STABLE was priced at 0.06 on Hyper and Aster, while the contract on the major exchange was only 0.035. That’s a huge price difference! I immediately started planning an arbitrage—go long on the major exchange, short on Hyper and Aster, and pocket the spread.

Halfway through opening my positions, I suddenly realized: these are not the same thing! STBL and STABLE are completely different projects. I was so embarrassed and quickly closed my positions to cut my losses.

Reminder to everyone: similar token names do not mean they are the same asset, especially with so many stablecoin projects out there. Always double-check the contract address and project background before opening a position. This lesson cost me some tuition.

STBL-3.75%

STABLE-16.92%

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FlashLoanPrince

· 13h ago

Haha, this laugh kills me. I almost got tricked into losing everything by a coin name. --- STBL and STABLE? Really, I've made this kind of rookie mistake before, and now it's embarrassing to look at. --- So, I say, the contract address is the real boss; coin names cannot be trusted. --- Damn, I didn't make the arbitrage and instead got caught. I'm also speechless. --- There are so many stablecoins; how many people have been tricked by such name overlaps? --- But your reaction speed is pretty good. If you had fully opened the position, it would have been over. --- Always say to verify the address, but in the end, your hands are fast and your brain is slow. Understand? --- Paying tuition is worth it; much better than getting liquidated directly.

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TrustlessMaximalist

· 12-09 22:35

Haha, this is hilarious, the token sniper messed up live on the spot. --- Can STBL and STABLE be the same? How can you confuse these? --- Bro tried to arbitrage but got trapped instead, classic case of being dazzled. --- Opening a position without verifying the contract address, that's some real guts. --- That's why there are so many tokens on exchanges, and the names are so similar, it's easy to get tricked. --- Is this lesson worth $8k? lol --- Saw a price difference and just aped in, without checking if they're even on the same chain. --- It always takes someone messing up like this to remind others—thanks for paying the tuition fee! --- There are so many stablecoin projects that you can't even tell them apart, I'm tired of it. --- The craziest part is realizing it halfway through the trade, timing was perfect.

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BlockchainTalker

· 12-09 22:33

actually this is peak game theory failure lol—ticker similarity creating information asymmetry that got you rekt. classic pattern matching gone wrong fr

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PumpingCroissant

· 12-09 22:28

Haha, good thing I reacted quickly this time, otherwise the arbitrage would’ve turned into a shitcoin. Damn, you really have to double-check contract addresses. There are way too many copycat projects in crypto. STBL and STABLE—those names are wild, just waiting to scam newbies. Next time I’ll check Etherscan before opening a position, or else it’ll just be another lesson learned the hard way. This is why I usually only stick to top coins. I really can’t afford to mess with small tokens.

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SnapshotLaborer

· 12-09 22:26

Haha, this is so typical. Just because the token names are the same, people assume they're like brothers. I'm not even surprised you mixed up STBL and STABLE. That's exactly the exchange's trick. I've fallen for this too—opened leverage positions without even checking the contract address... This is the real way to pay tuition fees in the crypto space.

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MoodFollowsPrice

· 12-09 22:18

Haha, I totally get this. Project teams in the crypto space really come up with trap names. I almost got tricked too, luckily I realized in time... double-checking the contract address is a lifesaver. Another tuition fee case—these days, you really need sharp eyes.

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AirdropFreedom

· 12-09 22:15

Haha, this is what we often call "blinded" arbitrage. If you get anxious, it's easy to mess up. Checking contract addresses in your wallet is really essential; just because the token names are the same doesn't mean the contracts are the same. It's true that tokens like STBL and STABLE are easy to mix up. Luckily, you reacted in time, or the loss-cut amount would have been much bigger. Everyone has made these rookie mistakes before—it's just part of paying tuition. Just remember it for next time. If you ask me, exchanges should also add a warning for tokens with the same name.

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TrustMeBro

· 12-09 22:08

Haha, I know this trick well, it's the most common pitfall in crypto. --- STBL and STABLE are really something else, almost made me go bankrupt. --- That's why I always copy and paste the contract address over and over... too scared not to. --- Arbitrage dreams shattered in an instant, hilarious. --- With so many stablecoin projects, it's normal to get confused. --- The tuition was worth it, better than actually losing real money. --- A single letter difference in a coin name can cost you your entire position. --- I've done it too, only to find out in the end it wasn't even on the same chain. --- This is what they mean by "details determine success or failure," but unfortunately, I realized it too late. --- The price difference between hyper and ASTER is definitely tempting, but only if you buy the right coin.

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