TechFlow news, according to Lookonchain, a trader made a profit of 22,379 $SOL (approximately $2.9 million) from trading $WATER in less than 20 minutes. The user created a new wallet five hours prior and withdrew funds from Bybit.
Subsequently, he spent 16,900 $SOL (around $2.1 million) to purchase 612.23 million $WATER—22.71% of the total $WATER in the pool—within the same block that the deployer added liquidity. Immediately afterward, he sold all the $WATER for 39,279 $SOL (about $5 million).
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