Meme Coin Investor Multiplied $49 Thousand to $2 Million in Five Hours

The person who invested in one of the meme coin projects in the Solana (SOL) ecosystem made more than 40 times profit in five hours.

According to the post of Blockchain analysis platform Lookonchain, a trader withdrew 345.6 Solana worth 49 thousand dollars from Binance. He later purchased 261.4 million Tori the Cat (TORI) for 344 Solana.

The investor then distributed these 261.4 million TORI to several different wallets without making any sales. Their total value corresponds to $2.05 million. The Lookonchain team stated that this investor may have insider information.

Selling all of these may be difficult due to lack of liquidity. According to Solscan data, Tori the Cat, which has a total supply of approximately 1 billion, has approximately 2 thousand owners. TORI's market value is at 2.34 million dollars.

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