Trader earns $5.7 million from 30 SOL tokens

An anonymous trader, over six days, managed to earn more than $5.7 million by investing only 30 SOL ($2,220). Lookonchain analysts noted this.

In just 6 days, this trader made more than $5.7M with only 30 $SOL($2,220)!?

A gain of over 2570x!

He spotted $ANALOS 1 minute after it opened trading and spent 30 $SOL($2,220) to buy 16B $ANALOS.
Then he sold 14.5B $ANALOS for 3.45M $USDC via multiple addresses over the past… pic.twitter.com/jD17YOD5hJ

— Lookonchain (@lookonchain) December 26, 2023

On December 20, the user purchased 16 billion ANALOS tokens with Solana in the first minute of trading in the liquidity pool Raydium.

Subsequently, he sold 14.5 billion ANALOS to several addresses for $3.45 million. In addition, on four of the trader’s wallets remained 1.56 billion ANALOS ($2.34 million).

Thus, the overall gain was x2570.

As reported, in the past week the metrics for monthly active and new Solana addresses reached yearly highs amid a rally in SOL’s price.

On December 24, the token price rose to $118 for the first time since April 2022.

As of writing, the asset traded slightly above $113, with year-to-date growth exceeding 890%, according to CoinGecko.