A trader made about $2.9 million from WATER in less than 20 minutes

PANews reported on June 24 that according to Lookonchain monitoring, a trader earned 22,379 SOL (about 2.9 million US dollars) from WATER in less than 20 minutes.

The trader created a new wallet 5 hours ago and withdrew funds from Bybit. He then spent 16,900 SOL (about $2.1 million) to grab 6,122,300 WATER (22.71% of the WATER in the pool) in the same block added by the deployer. He then sold all the WATER for 39,279 SOL (5 million US dollars).