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TechFlow reports, according to Lookonchain monitoring, a trader earned 7,197 SOL (USD 703,000) — a 400x return — in just five hours using only 18 SOL.
The trader spent 18 SOL to purchase 55.1 billion FartCaster tokens (55.1% of total supply) in the same block that the deployer launched trading for FartCaster.
He then sold 53.94 billion FartCaster tokens for 7,215 SOL. The trader still holds 1.16 billion FartCaster tokens (USD 27,000).
According to Lookonchain monitoring, a trader earned 7,197 SOL (703,000 USD), a 400x return, within just five hours using only 18 SOL. The trader spent 18 SOL to purchase 55.1 billion FartCaster tokens—55.1% of the total supply—in the same block that the deployer opened trading for FartCaster. He then sold 53.94 billion FartCaster tokens for 7,215 SOL. The trader currently holds 1.16 billion FartCaster tokens remaining (worth 27,000 USD).
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