Trader Earns $1.25 Million in 8 Minutes with BUZZ Tokens

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According to blockchain analytics platform Lookonchain, a crypto trader made an impressive profit of 6,008 SOL, worth around $1.25 million, in just 8 minutes by “sniping” the BUZZ token. The transaction illustrates the lucrative but risky opportunities in the volatile crypto world.

$1.25 million profit in just 8 minutes

Lookonchain revealed the notable transaction, showing that the trader spent 82 SOL, equivalent to $17,000, to purchase 268.12 million BUZZ tokens, representing 26.8% of the total supply. To gain an early advantage, they spent an additional 49 SOL in transaction fees, ensuring they were among the first to purchase the token.

Trader Earns $1.25 Million In 8 Minutes Thanks To Buzz Token

The trader acted extremely quickly after acquiring the BUZZ tokens. In just 8 minutes, they sold all their tokens for 6,090 SOL, equivalent to $1.26 million. After deducting the initial investment and transaction fees, the net profit reached $1.25 million.

The Role of “Sniping” in Cryptocurrency Trading

“Sniping” in cryptocurrency trading is the tactic of quickly buying tokens before others, hoping to resell them at a higher price in a short period of time. This is a strategy that can bring huge profits but is also risky, requiring experience and precise timing.

Trades like this highlight the ever-changing nature of the cryptocurrency market, where timing and strategy can bring extraordinary profits.

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