Wednesday November 20, 2024 5:43 PM
18 hours 5 minutes ago
A trader achieved an astonishing 2,100-fold return on investment within three hours by trading a scam token that ultimately turned out to be a rug pull — a scam where developers abandon a project and steal investors’ funds. According to a Nov. 20 post from on-chain intelligence firm Lookonchain, the trader turned an initial investment of 2 Solana (SOL), worth about $460, into nearly $1 million: “This guy made $988K with only 2 $SOL($462) in just 3 hours, a 2,141x return! He spent 2 $SOL($462) to buy 18.89M $Quant and sold 3.71M $Quant for 116 $SOL($27K), leaving 15.18M $Quant($962K).” The
SOL|BUSINESS|TRADING
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