A wallet address believed to belong to an insider in a meme coin made a million dollars in just 6 hours with a single transaction.
According to the on-chain analysis account Lookonchain’s post dated March 16, an investor made 1.14 million dollars in a Solana-based altcoin in just 6 hours.
As the frenzy for presale and meme coins continues in Solana, investors are in search of opportunities.
The sharpshooter or presumed insider mentioned in the post spent 1,200 SOL to create a liquidity pool in a project called POGAI and bought 9.28 billion tokens.
After selling all of the POGAI he had in just 6 hours, the trader earned 7,343 SOL, equivalent to 1.14 million dollars and a profit of 6,143 SOL.
While new projects on the Solana network are receiving great interest, a project called Book of MEME (BOME) rose by more than 400x in 2 days and got listed on Binance.
