A trader made $2.9 million in profit from $WATER trading in 20 minutes

According to TechFlow, Lookonchain reported that a trader made a profit of 22,379 $SOL (about 2.9 million US dollars) through $WATER transactions in less than 20 minutes. The user created a new wallet 5 hours ago and withdrew funds from Bybit.

He then spent 16,900 $SOL (about $2.1 million) to buy 612.23 million $WATER (22.71% of the $WATER in the pool) in the same block where the deployer added liquidity. He then sold all the $WATER and received 39,279 $SOL (about $5 million).