Insider Scam in Meme Coin: Turned His Money into 279 Times in Just 1 Hour! - Coin Bulletin

robot
Abstract generation in progress

In the cryptocurrency market, an insider made a profit of 947 thousand dollars in just one hour with strategic transactions made in a short time.

According to the data of the crypto analysis platform Lookonchain, this insider purchased 16 Solana (SOL), equivalent to approximately 3,384 dollars, through six different wallets for 72.67 million AGiXT.

Shortly after, he sold these tokens for 4,468 Solana ($950.3 thousand) and made a net profit of 4,452 Solana ($947 thousand). The insider's move, carried out on the platform 'pump.fun', is considered as a product of a strategy that is prone to manipulation.

With this transaction, the insider reached 4,468 Solana with only 16 Solana investment, making a 279 times profit and once again revealed the rapid profit potential in the cryptocurrency market.

A similar example was previously analyzed by Spot On Chain, involving a whale with the address "0x001". This large investor purchased 8.31 million AIXBT tokens with a similar name, spending $5.18 million within four days, causing the price to rise by 41%. The investor currently has an unrealized profit of $2.2 million.

MEME-5.38%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
GateUser-dbc51330vip
· 01-17 16:44
WAGMI 💪
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)