Smart traders turned $17,000 into $1 million in just 8 minutes! !
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While many investors now choose to hold for the long term and wait for asset appreciation, short-term trading is still a potential way for those traders who dare to take risks to make huge profits - especially in the meme coin market.
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However, it must be reminded that making large-scale short-term bets is extremely risky, especially in this era of automated trading systems, sniper trading and various covert operations.
In the early morning of January 3, a more adventurous trader made a bold investment decision to bet on an unproven new asset - fortunately, a few minutes later, he ushered in an unimaginable return.
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Betting on BUZZ brings rich returns to traders
According to data obtained by Finbold from Solscan on January 3, about 8 hours ago, a savvy trader used 82 Solana (SOL), which was worth about $17,000 at the time, to buy 268.12 million Hive AI (BUZZ) tokens.
The transaction amount is not small, equivalent to 26.8% of the total supply of BUZZ. However, of these 82 SOLs, 49 were just to pay transaction fees, so the actual amount used to buy tokens was not that high.
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Surprisingly, just 8 minutes later, the trader liquidated the entire position and recovered 6,090 SOL, which was worth about $1.26 million at the time. After deducting the initial investment of 72 SOL, the final profit was 6,008 SOL, which is about $1.25 million in US dollars.
Of course, there are some concerns about the timing of this transaction. After all, spending $17,000 on an unproven crypto token sounds too risky, especially if you don’t have inside information.
Currently, BUZZ’s market value is only $33.91 million, and trading volume has dropped sharply since the beginning of the new year.
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