Cryptocurrency Investor Hit Half a Million Dollars in 1 Hour: So How?

The cryptocurrency investor earned 500 thousand dollars in half an hour thanks to the Solana-based meme coin.

According to data provided by on-chain analysis platform Lookonchain, a cryptocurrency investor made a big profit thanks to the Solana (SOL)-based meme coin EgyptCat (Sphynx).

The data revealed that the investor in question purchased EgyptCat for 120 SOL within seconds of its launch.

With the subsequent rise, he turned his investment of 120 SOL into 3,257 SOL in just 1 hour. He increased his investment by 2,614% within 1 hour.

It has been a matter of discussion that this investor may be someone connected to the team and may have engaged in insider trading.

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