Crypto trader increased his own profit by 23 378% in an hour

Editor’s note: not investment advice!

One of the cryptocurrency traders made a stunning trade, increasing his capital by 23.378% in less than an hour. He invested $ 6,300 and made a profit of $ 1,479,149 thanks to a successful trade with the FRIC meme coin.

During the transaction, the trader exchanged 25 Solana (SOL) coins worth $ 6,300 for 297 million FRIC. This is a meme-coin created by the South Korean artist dricstudio.

This amount was about 29.7% of the total FRIC supply.

Due to the rapid growth of the FRIC price, the trader completed more than 50 transactions in one hour, selling 258 million tokens for 4,693 Solana, which at that time cost $ 1.18 million.

He currently has 39.08 million FRICs left. Their value at the time of the news publication was $ 305,449, although it subsequently dropped slightly due to market correction.

It is noted that the purchase of almost 30% of the token supply and the extremely fast execution of dozens of transactions have raised suspicions among the community.

Many assume that this transaction was carried out by an automated trading bot, possibly with access to insider information.

The No Worries editorial team strongly advises readers not to invest their own funds in dubious crypto projects and little-known digital assets!