The post Trader Made $1.25 Million in 8 Minutes by Sniping BUZZ Tokens appeared first on Coinpedia Fintech News
According to blockchain analytics platform Lookonchain, a crypto trader made a remarkable profit of 6,008 SOL, worth approximately $1.25 million, in just 8 minutes by sniping BUZZ tokens. This profit highlights the exciting, yet risky, opportunities in the fast-moving crypto world.
Trader Nets $1.25M in 8 Minutes
Lookonchain brought this impressive trade to light, showcasing that the trader spent 82 SOL, valued at $17,000, to purchase 268.12 million BUZZ tokens. This amounted to 26.8% of the total token supply.
However, to secure a first-mover advantage, the trader paid a transaction fee of 49 $SOL, ensuring they were one of the first to purchase the tokens.
Once the BUZZ tokens were acquired, the trader acted fast. In just 8 minutes, they sold all their holdings for 6,090 SOL, equivalent to $1.26 million. After eliminating the initial investment and transaction fees, the trader earned a profit of $1.25 million.
Role of Sniping in Crypto Trading
Sniping in crypto refers to quickly buying tokens ahead of others, hoping to sell at a higher price shortly after. While highly rewarding, it is a risky strategy that demands expertise and precise timing.
Such trades underscore the evolving nature of the crypto market, where timing and strategy can lead to extraordinary gains.
The post Trader Made $1.25 Million in 8 Minutes by Sniping BUZZ Tokens appeared first on Coinpedia Fintech News
According to blockchain analytics platform Lookonchain, a crypto trader made a remarkable profit of 6,008 SOL, worth approximately $1.25 million, in just 8 minutes by sniping BUZZ tokens. This profit highlights the exciting, yet risky, opportunities in the fast-moving crypto world. Trader Nets $1.25M in 8 Minutes Lookonchain brought this impressive trade to light, showcasing …
This articles is written by : Nermeen Nabil Khear Abdelmalak
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