A major cryptocurrency owner earned $ 3 million on digital tokens in just 12 minutes

Editor’s note: not financial advice!

An unknown trader made millions of dollars in profit within minutes of investing in the new memecoin. According to chain data, the token operates on the Solana (SOL) network.

Lookonchain analysts who track blockchains have noticed a trader who spent almost 10,000 SOL to accumulate about 70 million Slerf (SLERF) tokens.

Lookonchain claims that the trader did not plan to keep his SLERF stack for long, as he immediately unloaded it at the first opportunity.

«Unbelievable, this guy made about $ 3.02 million in just 12 minutes trading SLERF! He spent 9,894 SOL ($ 1.98 million) to buy 69.74 million SLERF right after trading opened.

He then sold them for 25,001 SOL ($ 5 million) within 12 minutes. Earning 15,107 SOL ($ 3.02 million) in just 12 minutes!" Lookonchain experts wrote.

As a reminder, the Slerf token, created on the Solana blockchain, faced significant problems after the project developer accidentally burned a significant portion of the token supply. In fact, he lost $ 10 million, which was all the funds of the pre-sale participants. Later, the Slerf team created a channel on X Spaces to talk about the situation in more detail.

No Worries strongly advises readers not to invest in dubious crypto projects and little-known digital assets!