A large cryptocurrency owner increased his profit 762 times in just 5 hours

Editor’s note: not investment advice!

An unknown cryptocurrency trader turned $ 861 into $ 657,000 in five hours with another meme token on the Solana blockchain SOL $102.01 Solana -3.18% Market capitalization $59.69 billion VOL. 24 hours $0.23 billion . Thus, the owner of digital assets increased his initial deposit 762 times, according to Lookonchain analysts.

The user spent 5.14 SOL to purchase 86.55 million njrtysd MOTHER, which is 8.66% of the total coin issue. He then sold 80.41 million tokens for 3035.5 SOL (approximately $ 509,000). He still has 6.14 million MOTHER tokens, which are valued at $ 148,000.

Analysts noted that it is unlikely to be an insider. Prior to this transaction, the trader traded almost 700 coins with a share of profitable trades of less than 25%.

Mother Iggy (MOTHER) is a new Solana-based meme-coin launched on May 29 by the team of Australian singer Iggy Azalea. According to CoinMarketCap, the asset’s capitalization reached $ 17.4 million in a few hours, and the trading volume exceeded $ 131 million.

The No Worries editorial team strongly recommends that readers do not invest their own funds in little-known digital assets and dubious cryptocurrency projects!