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According to the blockchain analytics platform Lookonchain, a crypto trader made an impressive profit of 6,008 SOL, equivalent to about $1.25 million, in just 8 minutes by "shooting" the BUZZ token. The transaction illustrates the profitable but risky opportunities in the volatile crypto world.
Profit of $1.25 million in just 8 minutes
Lookonchain revealed the important transactions, which show that the trader spent 82 SOL, equivalent to $17,000, to buy 268.12 million BUZZ tokens, representing 26.8% of the total supply. To gain early profits, they spent an additional 49 SOL in transaction fees, ensuring they were the first to buy the tokens.