Cryptocurrency trader turns $17k into $1.2 million in 8 minutes
A cryptocurrency trader’s perfect timing investment in Hive AI (BUZZ) has seen their initial bet record a 75-fold growth as the token gained popularity, mainly powered by community initiatives. The trade, executed on the decentralized exchange (DEX) on Solana (SOL) Raydium, involved the BUZZ/SOL trading pair and utilized the high-risk strategy of sniping, according to data shared by on-chain cryptocurrency Analysis platform Lookonchain in an X post on January 3. Specifics of the trade indicated that the trader acquired 268.12 million BUZZ tokens, representing 26.8% of the token’s liquidity pool, shortly after its launch. To secure priority on the Solana blockchain, they paid a 49 SOL fee (approximately $10,000) to ensure their transaction was processed ahead of other buyers. Picks for you Here's why Ethereum is going to $6...