A crypto trader posted on his X account that a Sniper bought $1 of $cool and made 250k for a 250000x return in just 9 minutes. However, other snipers and traders do not buy the idea of an instant fortune for what many say is an insider airdropped account engagement.
Traders Said the $cool Trade was a Sham
Shortly after, a user on X spewed that the buy was at $120M MC; it was a fake buy to show norms that there was a buy and a sell. Another surmised that the sniper already had the tokens sent to him, and it was very easy to figure out such trickery.
Furthermore, with rising discontent about the information, many wonder about the aim of such trickery and spamming. An X user questioned that “the sniper sniped 112.39 tokens for $1$, and 6 minutes later, he sold 142k tokens. How possible was that?”
Similarly, a trader recently gained widespread attention for achieving an almost impossible feat – turning a $9,775 investment into $10 million in just 24 hours. The trader bought $GUMMY before its public release and then held onto the investment until it yielded seven figures. In a single trade, the asset returned 1,205x to the trader.
There was a lot of discussion in the community after the action. People were interested in how the trader obtained the buying signal. Some people use bots to make new trades and purchase new coins rapidly.
Trader Made Seven Figures off MANEKI
In recent news, Maneki made a mystery trader a millionaire overnight. After buying the token, the trader invested $110K and turned it into a staggering $8.72M within three hours of trading.
According to a tweet, the trader spent $716 SOL to purchase 1.02B MANEKI, which accounts for 11.51% of the total supply. After getting the tokens, the trader distributed them across 15 wallets, now worth $8.72M.
The project creator of the native cat coin $Maneki drew inspiration from the legend of the Japanese beckoning cat, which symbolizes wisdom, success, good luck, leadership, and prosperity. Since its launch, the value of the meme coin has skyrocketed, causing it to trend.
