Trader Turns $1,300 to $9.5M with $MOODENG in Just 15 Days!
A cryptocurrency investor has achieved a staggering return of over $9.5 million on funding with the hippo-themed Moo Deng, MOODENG token in simply 16 days.
On September 10, information from on-chain analytics agency Lookonchain revealed {that a} dealer on the Solana blockchain spent 9.8 SOL, roughly value $1,331, to buy 38.7 million MOODENG tokens.
Inside simply two weeks, on September 27, the investor offered 104,000 MOODENG tokens for about 112 SOL, valued at round $17.9K. After that the dealer has the remaining 38.64 million tokens, leaving a steadiness valued at over $9.5 million.
This meteoric rise raised eyebrows, as many group members started questioning whether or not this success was the results of pure luck or potential insider buying and selling.
The buying and selling exercise has led to vital hypothesis amongst crypto fans. Issues had been amplified by the truth that the liquidity pool for MOODENG was reported to be solely $1.8 million.
The distinction in liquidity signifies that the investor couldn’t money out the total quantity with out affecting the token’s worth considerably. This has led some group members to suspect insider data or manipulation by builders, as they consider such a speedy achieve is unlikely to occur with out some unfair benefit.
Additionally Learn: Crypto Trader Turned $80K Into $1.2M Just to Lose It All
