According to data released on November 23 by Lookonchain, a trader known as Cooksassistant on X invested $3,300, which transformed into $2.5 million in just three hours.
Analysis of the transaction reveals that the trader purchased 57.89 million FATHA for 13 SOL on Pump.fun, a platform that enables the creation of meme coins.
Following the purchase, the market capitalization of FATHA surged to over $60 million, resulting in an approximate profit increase of 750 times. The trader sold all of his FATHA at the peak, receiving 9,718.5 SOL, valued at $2.5 million.
After realizing this impressive profit, the trader exchanged 9,500 SOL for 2.45 million USDC and transferred the funds to the Ethereum network.
Further analysis of the investor's wallets indicated that he became captivated by hunting for meme coins. He executed 60 token trades, yielding a profit of $2.7 million within just a few days.