A mysterious trader has raked in millions of dollars in profits in just 12 minutes by trading a new memecoin on the Solana network.
Quick Profits
According to blockchain tracker Lookonchain, the trader spent nearly $2 million to buy 70 million Slerf (SLERF) tokens. They then sold them for $5 million within minutes, netting a profit of $3.02 million.
Doubling Down
Another trader used a different strategy, buying 2.39 million SLERF and selling half of them to recoup their initial investment. They still hold over 961,000 SLERF, worth $1.24 million.
SLERF Surge
At the time of writing, SLERF is trading at $0.753, up over 25% in the past 24 hours.
Note: This article is not intended as investment advice.
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