A crypto trader known as Sundayfunday.sol executed a remarkable flipping trade that transformed an initial investment of $2,275 into a staggering $2.26 million within 8 hours. The trader purchased 1DOL, a cryptocurrency with a relatively low market cap, for a fraction of its eventual value.
Before this trade, Sundayfunday.sol had established a significant presence within the crypto community as one of the largest pre-sale participants in the $BOME token. With an initial investment of $72K, the trader acquired 1.43B $BOME, which reached a peak value of $40M.
Subsequently, Sundayfunday.sol liquidated a portion of their $BOME holdings for $7.66M, while retaining a substantial position of 894B $BOME, valued at approximately $10.5M. Notably, this makes the trader the largest individual holder of $BOME in the market.
An Insider Trader?
The latest flipping trade involving 1DOL has further solidified Sundayfunday.sol’s reputation as a skilled trader. The trader’s ability to identify undervalued assets and execute high-risk, high-reward trades has generated significant profits.
It is important to note that the cryptocurrency market remains highly volatile, and such explosive gains are uncommon. Investors should always conduct thorough research and understand the associated risks before making any investment decisions.
Meanwhile, other traders on X distrust the outcome saying “He is an insider here. He hadn’t bought from a liquidity pool, rather He got the token from a wallet though he provided sol for this token. Insider does not represent the best trader.
However, another X user and crypto trader asserted, “I started following this account thinking of some valuable insight to be gained as a trader and the only meaningful takeaway is it is an Insider way to make a lot of money.”
Moreover, “this account leaves no stone unturned glorifying those said insiders time and time again. They can’t sell for that value because there isn’t enough liquidity and the price movement would be extreme.
Ex-Employee Slams Pump.fun, Claims Reponsibility
A disgruntled former employee of the Solana platform, Pump.fun, attacked the platform on May 16 following a recent security breach. In a tweet on X, the ex-employee, who used the username @STACCoverflow, publicly admitted to the attack on Twitter.
The exact nature of the dispute between the platform and the attacker is unclear. The hackers utilized a wallet address to rapidly siphon off all the token supplies of newly listed projects within minutes.
The attack resulted in an estimated loss of $1.9 million out of the $45 million locked on the platform.
