Two weeks ago, an unknown user invested 6 SOL (~$800 at the time of purchase) in the Moo Deng meme token (MOODENG), and now his unrealized profit is estimated at ~$1.3 million.
Arkham analysts initially turned their attention to the trader on September 17. At that time, the investor's assets were valued at approximately $400,000.
He is now the largest holder of MOODENG.
The coin was launched via the Pump.fun platform on the Solana network. The asset is named after a popular baby hippopotamus from Thailand.
The trader purchased the coin on September 10 after it left the âmeme factoryâ and landed on the Raydium DEX.
At the time of writing, the asset is trading around $0.05 with a market cap of $47.4 million.
Some users have engaged in insider trading.
"Insider is not a trader, but it would be great to track things like this on Arkham rather than Solscan or other platforms," ââone community member wrote.
Earlier it was reported that an unknown person earned more than $124,000 in two weeks on the TERMINUS meme token, increasing the deposit by 920 times.
Recall that in June, an insider trader made $5.6 million on DADDY, which is promoted by Andrew Tate. The former kickboxer launched the coin as a competitor to the MOTHER asset from the singer Iggy Azalea.
