According to Odaily Planet Daily, on-chain analyst @ai_9684xtpa monitored that a certain address spent 13,400 SOL (worth $1.94 million) for sniping, and the cost of the address was $0.3884. This large purchase pushed the coin price to $2.37 in a short period of time, but then plummeted 97%, ultimately causing the address to lose $1.55 million.