An address suspected to be an insider made a profit of approximately $3.47 million by trading FOCAI within 3 hours

PANews reported on January 4 that according to Onchain Lens monitoring, a suspected insider's address turned $1,168 into $3.47 million by trading FOCAI within 3 hours. The address purchased 123.32 million FOCAI at 5.39 SOL ($1,168) on PumpFun. It then sold all FOCAI at 16,070 SOL, worth $3.47 million, making a profit of 2,973 times.