A trader profited over $1.2 million from PIPEDOG within 7 hours, with returns reaching 77x

TechFlow reports, July 29, according to Lookonchain monitoring, trading address 0x4c8f profited over $1.2 million from trading PIPEDOG within less than 7 hours, with a return rate of 77x.

Data shows that the address bought 293.75 million PIPEDOG for 8.39 ETH (approximately $16,000) 6 hours ago; subsequently sold 34.55 million PIPEDOG, receiving 32.67 ETH (approximately $62,000) in return, and currently still holds 259.2 million PIPEDOG, valued at approximately $1.18 million at current prices.