Cryptocurrency owner increased profits from digital assets by 4000% in just 5 hours

Editor’s note: NOT AN INVESTMENT ADVICE!

A cryptocurrency trader from the Solana ecosystem SOL $147.18 Solana -1.07% Market capitalization $68.94 billion VOL. 24 hours $0.67 billion turned an initial investment of $ 49,000 into almost $ 2 million in just five hours. This transaction used the TORI meme coin, which recently appeared on the market. This raised significant concerns among crypto users about potential insider trading.

The transaction unfolded when a trader purchased 261.4 million TORI using 344 SOL that were transferred from Binance to two new wallet addresses over several consecutive days. The speed and scale of the profit — about 4000% - attracted the attention of Lookonchain blockchain analysts.

The experts noted that shortly after purchasing TORI tokens, the trader distributed them to several addresses. This rapid dispersal, combined with the rapid growth in the value of the tokens, has led to accusations of insider trading. Observers on the X platform suggested that the similar behavior of these addresses probably indicates that they are controlled by the same person.

Crypto experts have noted that TORI is not fully recognized by Raydium, a decentralized exchange on the Solana blockchain where the tokens were purchased. The exchange identifies the token only by address and has limited liquidity available for swaps — 6,466.24 SOL and 93.65 million TORI in its pool. This situation is not only difficult, but it makes it impossible to liquidate the entire $ 2 million without significantly affecting the token price. In turn, this could potentially lead to a complete wipeout of the profit.

The event, described by crypto industry analysts, serves as a stark reminder of the very high level of risk associated with trading meme coins and other low-liquid tokens. Unlike more established cryptocurrencies such as bitcoin ETH $2,470.52 Bridged Ether (StarkGate) -2.07% Market capitalization $0.19 billion VOL. 24 hours $1.01 billion and ethereum ETH $2,470.52 Bridged Ether (StarkGate) -2.07% Market capitalization $0.19 billion VOL. 24 hours $1.01 billion , these assets can exhibit extreme volatility and have liquidity issues that make it difficult to make a profit.

No Worries strongly recommends that readers do not invest their own funds in little-known digital assets and questionable crypto projects!