š±š„š„Token team earned $1.5 million in 10 hours in Solana: They burned the rest
The number of people who have earned millions of dollars from tokens issued on the #Solana network is increasing every day. People who are almost certainly from the project team made purchases as soon as liquidity was added by the developer, and they received their reward with a profit of $ 1.5 million in as little as 10 hours.
Although many cryptocurrencies and coins have been stamped by 2024 so far, the most talked about ones in this sense have been Solana and those on her network. While the number of meme tokens issued on the network is increasing every day, dozens of videos titled āLearn how to issue tokens on the Solana blockchainā have been published on social media.
While this Solana craze continues regardless of the price movement in Bitcoin, the people or teams that issue tokens continue to earn big money through the tokens they have allocated to themselves from the very beginning.
As soon as liquidity was added, they received
According to the news of Lookonchain, a team that issued a coin called Thug made a purchase as soon as liquidity was added to the pool. Purchases were made on the same block where liquidity was added, while tokens were spread over 4 wallets.
while 225 million Thug tokens were purchased with 1500 #SOL worth 674 thousand dollars, a big gain also came with the rise. Just 10 hours later, 464 million tokens were sold for 11,450 SOL ($ 1.49 million). In other words, these people, who can also be called āinsiders", earned $ 1.5 million in 10 hours.
The remaining 210 million #THUG tokens were burned. The reason why these tokens were sent for burning instead of sale was not understood.
