An unknown user turned $9,769 into $10 million using the new GUMMY token within 24 hours. Lookonchain analysts drew attention to this.
Sniper or insider?
This guy turned $9,770 into $10M in just 1 day, a gain of 1,025x!
12 minutes before $GUMMY was deployed, this guy withdrew 65.23 $SOL from #MEXC.
Then spent 64.5 $SOL($9,769) to buy 97.36M $GUMMY in the same block where the $GUMMY deployer added liquidity.… pic.twitter.com/a9VDyPDQAI
— Lookonchain (@lookonchain) April 21, 2024
12 minutes before the start of GUMMY trading, the trader withdrew 65.23 SOL from the MEXC exchange.
64.5 SOL ($9769) it spent on the purchase 97.36 million GUMMY in the same block where the coin protocol deployer added liquidity.
Then he moved all the purchased tokens to 10 new wallets. Now their value reaches $10 million – the increase in investment was x1025.
Experts have not ruled out the possibility that the transaction was an insider deal.
Source: Cryptocurrency
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