Owner of a little-known cryptocurrency made $ 7 million in profit in just three hours

An anonymous cryptocurrency owner purchased the SatoshiVM (SAVM) token immediately after the coin’s launch and recorded a profit of $ 6.77 million in three hours. This was noted by Lookonchain analysts.

The trader used the Telegram bot Banana Gun to automatically buy the coin at the start and sell it at the maximum price.

Initially, the investor deposited 277.66 ETH (approximately $ 681,000) to buy 2.61 million SAVM. The commission for being the first in line to buy the coin was 141.66 ETH (approximately $ 347,000).

Later, the anonymous person sold 2.16 million tokens for $ 4.38 million and now owns another 450,000 SAVM worth just over $ 3 million.

Some X users suggested that the trader was an insider or a project developer. Others called him a «legend» for his bold move of depositing a large sum in a trading bot.

Banana Gun still causes controversy in the community. Several users reported the disappearance of funds after they sent them to a «sniper» bot, which was used by the lucky SAVM trader.

It should be noted that last September, the launch of the native Banana Gun token failed due to a malfunction in the smart contract. The vulnerability led to a collapse of the coin’s price by almost 100%.