Trader Makes $1.25 Million in Just 8 Minutes by Sniping BUZZ Token

According to 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 “sniping” BUZZ tokens. The trader spent 82 SOL, worth $17,000, to buy 268.12 million BUZZ tokens, which represents 26.8% of the total supply. To ensure their first-mover advantage, they paid a transaction fee of 49 SOL. Immediately after the purchase, the trader quickly sold all the tokens and collected 6,090 SOL, equivalent to $1.26 million. After deducting the initial investment cost and transaction fees, the profit reached $1.25 million. Sniping tactics in crypto require skill and precise timing, offering high profit opportunities but also come with great risks, reflecting the ever-changing nature of the crypto market.