Wu said that according to Lookonchian, a sniper sniped the token launch of Simons Cat, which was airdropped to Binance FLOKI holders, and made $3 million in 5 hours. The sniper spent 2,500 BNB to buy 318.87b CAT in the same transaction that added liquidity; then they sold it all for about 7,639 BNB, making a profit of 5,139 BNB, worth about $3 million.