How the Investor Made Millions of Dollars in 1 Hour with Meme Coin: Here's His Tactic!

The sniper earned $1.25 million by paying a large transaction fee to buy a newly launched meme coin.

On-chain data and analysis account Lookonchain, in a post shared on Twitter on June 7, explained that an investor earned $1.25 million thanks to a clever tactic.

In order to buy a newly released meme coin called RCH, the investor in question paid a transaction fee of 72.24 Ethereum (ETH) called "tip", worth 275 thousand dollars, and got ahead of his competitors.

The investor purchased 29.7% of the total supply of the altcoin, spending 392.24 Ethereum worth a total of $1.5 million. The investor then sold the tokens he bought for 719 Ethereum, which corresponds to 2.74 million dollars, and made a profit of 325 Ethereum in a short time.

According to CoinGecko data, assuming that the Ethereum price was around $3,820, the investor made a profit of approximately $1.25 million in 1 hour.

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