According to Odaily, Lookonchain has reported that a certain address has successfully purchased 7.42 million RCH tokens, which is equivalent to 29.7% of the total supply of the token. This purchase was made at a high cost of 72.24 ETH, approximately 275,500 USD. The total expenditure for this operation was 392.24 ETH, which is equivalent to 1.5 million USD.
Subsequently, these tokens were sold at a price of 719.4 ETH, approximately 2.74 million USD. This resulted in a substantial profit of 327.16 ETH, equivalent to 1.25 million USD. This transaction demonstrates the potential profitability of cryptocurrency transactions, particularly when dealing with large volumes of tokens.