While some hope for years, or even a lifetime, to reach this millionaire status, one trader just achieved the unthinkable: he made $1.30 million in just 8 minutes.
8 Minutes to Crypto Jackpot
This is not a trading fairy tale, but a well-documented fact. On Friday, January 3, one daring trader invested 32.75 soles (roughly $7,130 at the time of acquisition) in order to acquire 268.12 million Hive AI (BUZZ), or roughly 30% of the circulating supply of this meme- and AI-based cryptocurrency.
It seems that this very risky investment with a cryptocurrency that had not even existed for 10 minutes eventually paid off well. Moreover, the trader did not skimp on the means: no less than 49 soles (about $ 10,000) were spent on transaction fees alone to ensure that the purchase was first verified.
Eight minutes later, his investment exploded. When he liquidated his positions, he was able to recover 6,090 soles, or roughly $1.32 million. After deducting the 82 soles associated with the initial investment and transaction fees, the net profit came to 6,008 soles, or $1.303 million.
Stroke of genius or insider trading?
The timing is so perfect that this operation raises legitimate questions. In fact, since betting $17,000 on such a new and obscure cryptocurrency might seem crazy. Provided the trader has inside information.
The interesting elements pile up, with a huge investment representing nearly 30% of the circulating supply, astronomical fees to be the first to buy, and almost instant liquidation at the optimal price. All of this feeds into the thesis of insider trading or advance knowledge of market movements.
The Hive AI (BUZZ) project, launched on the Pump.fun platform, is still a mystery. Data indicates that the first mint was issued on January 3 at 2:09 UTC. BUZZ is currently trading at $0.03745, with a market cap of $37 million and 14,928 holders.
In an industry where information is sometimes reserved for a handful of interested parties, this deal illustrates how the cryptocurrency sector can become a financial Wild West. So, a stroke of genius? Taking big risks? Or executing a strategy based on exclusive data? For now, the mystery remains.$HIVE
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