Unknown Trader Makes a Fortune on Meme Coin

⚡ An unknown trader increased their deposit by 762 times in just five hours while trading the meme coin MOTHER on the Solana network. They spent 5.14 SOL to purchase 86.55 million tokens, which represented 8.66% of the total supply. Five hours later, they sold 80.41 million MOTHER tokens for 3,035.5 SOL ($509,000). As of the time of writing, the trader still holds 6.14 million tokens worth around $148,000.

⚡ Experts from Lookonchain noted that the trader is unlikely to be an insider, as before purchasing the MOTHER token, they had been trading nearly 700 coins and incurred losses. The percentage of profitable trades was less than 25%.