On the morning of January 3, an enterprising trader made a large and risky bet on a new, untested asset — and, fortunately for him, it yielded enormous profits within minutes.
The Bet on BUZZ Earned the Trader a Major Win
Approximately 8 hours prior to this article's writing, the cryptocurrency trader spent a total of 82 Solana (SOL), which was around $17,000 at that time, to acquire 268.12 million Hive AI (BUZZ), according to data from Finbold and Solscan on January 3.
This represented a significant share — equal to 26.8% of the total token supply. Of the 82 SOL, 49 were used solely for transaction fees to ensure the priority of the trade.
In just 8 minutes, the trader completely liquidated his position, earning 6,090 SOL, which at that time was approximately $1.26 million. After subtracting the initial 72 SOL, the profit amounted to 6,008 SOL — around $1.25 million.
Hive AI (BUZZ) Photo: CoinGecko