Trader Achieves 1,925-Fold Profit with ELIZA Token in Two Hours

A user earned $3.67 million within two hours by trading the ELIZA token, as noted by analysts at Lookonchain.

Turned $1.9K into $3.67M in just 2 hours, a 1,925x return!

This trader spent 7.84 $SOL($1.9K) to buy 89.19M $ELIZA, then sold 49.49M $ELIZA for 7,091 $SOL($1.72M), leaving 39.7M $ELIZA($1.95M).

The trader is still actively selling $ELIZA!https://t.co/VkaR7VejBE pic.twitter.com/UTyqtX6Bos

— Lookonchain (@lookonchain) November 19, 2024

The trader spent 7.84 SOL ($1900) to acquire 89.19 million ELIZA. A few hours later, as the token’s value increased, they sold 49.49 million ELIZA for 7091 SOL ($1.72 million). They retained 39.7 million ELIZA ($1.95 million).

The return was 1,925x.

At the time of writing, the trader continues to actively sell the token.

In comments on the tweet, the community speculated that the user might be an insider or a developer of the token.

Earlier, ForkLog reported that a trader turned $38,700 into $6.27 million with the MANTRA (OM) token, holding it for 18 months.