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Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- Jan 03, 2025 06:44 UTC
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Crypto Trader Makes $1.25 Million in 8 Minutes by Sniping BUZZ Tokens
Trader earned $1.25M by spending 82 SOL to acquire 26.8% of BUZZ token supply.
Trader spent 49 SOL to secure a first-mover advantage in the BUZZ token launch.
Token sniping demands timing precision but offers extraordinary returns in volatile crypto markets.
In the crypto world, fortunes can be made in moments—or in this case, just eight minutes. A crypto trader recently turned 6,008 SOL, worth $1.25 million, in record time by sniping BUZZ tokens, according to blockchain analytics platform Lookonchain.
Yes, that’s true. Here’s all you would want to know!
Breaking Down the Trade
Lookonchain reported that the trader invested 82 SOL, worth $17,000, to buy 268.12 million BUZZ tokens. This amounted to an impressive 26.8% of the token’s total supply.
To secure a first-mover advantage, the trader also paid a significant transaction fee of 49 SOL, showing the cost of getting ahead in this high-speed market.
After acquiring the BUZZ tokens, the trader acted swiftly. Within just eight minutes, they sold their entire holding for 6,090 SOL, worth $1.26 million. Subtracting the initial investment and transaction fees, the trader pocketed an incredible profit of $1.25 million.
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What Is Crypto Sniping?
Crypto sniping is a strategy where traders quickly buy newly launched or low-liquidity tokens, aiming to sell them for a profit shortly after. While this can lead to huge rewards, it is a risky approach requiring expert knowledge, split-second decisions, and perfect timing.
This trade shows the fast-paced and high-stakes nature of the cryptocurrency market. It demonstrates how timing, strategy, and calculated risks can lead to extraordinary gains for those who master the game.
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