Crypto Trader Sold Ethereum and Bought This Memecoin, Earned Huge Profits in 1 Hour!
Crypto snipers have been making huge profits recently.
Although there have been sharp declines in the cryptocurrency industry in recent hours, memecoins are still making investors happy. Although more than 90% of memecoins are being reset, the products that are not being reset are performing well.
Popular data provider Look On-Chain recently discovered a trader memecoin sniper and shared a report of his recent trades:
“A sniper crypto trader paid a tip of 72.24 ETH (valued at $275.5K) and first purchased a significant portion of the RCH token supply
This trader purchased 7.42 million RCH (29.7% of the total supply) at a total cost of 392.24 ETH (valued at $1.5 million).
The successful crypto sniper then sold these products for 719.4 ETH (worth 2.74 million dollars) and made a total profit of 327 ETH (worth 1.25 million dollars) from this trade.”
These crypto snipers, who managed to make purchases even before the team in their first release, continue to earn large profits in the recent period.