News View Non-AMP

Trader Turns $8.5K into $802K in One Hour—Insider Tips or Sheer Luck?

Published by
Mustafa Mulla

In the memecoin sector, making a quick profit is nothing new. However, one trader’s recent success has sparked both admiration and suspicion. This trader turned an $8.5K investment into a massive $802.5K profit in just one hour by buying a Solana-based memecoin called “CTO.” 

While some people say he had insider information, others think he’s just a savvy memecoin hunter.

Savvy Trader Made $802k In An Hour

Leading Solana swap and AMM platform Raydium Protocol recently introduced a new MEME coin, CTO, on the MakeNow.Meme platform. After the launch, a savvy trader saw a golden opportunity and invested 50 SOL (about $8.5K) to acquire 256.8 million CTO tokens, becoming the third person to invest in the new coin, according to Lookonchain, a prominent blockchain analytical platform.

However, traders’s decision to invest in CTO memecoin paid off big. After a few times, he sold 227.67 million CTO tokens for 4,771 SOL (around $811K), making a stunning profit of 4,721 SOL, or $802.5K. This remarkable gain of 94x of his initial investment was achieved within just an hour.

A History of Success

This trader is no stranger to making big profits. However, just 11 hours before the CTO trade, he made a successful trade with another coin, PFI. Meanwhile, by investing 20 SOL (about $3.4K), he earned 612 SOL ($104K), a 30x increase on his initial investment.

Some believe the trader might be just lucky with meme coins, while others suspect he could be an insider with special knowledge. 

Mustafa Mulla

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.

Recent Posts

Can Bitcoin Bulls Withstand the Re-awakening of Satoshi-era Whales?

Bitcoin (BTC) price has been rejected by two subtle and important resistances in the past…

July 5, 2025

Trending Alternative Crypto to Dogecoin (DOGE) Set to Turn $650 into $65,000 in 4 Months

Few tokens have stirred as much chaos and charm as Dogecoin. What started as a…

July 4, 2025

Top 2 Cryptos Under $0.10 to Buy in July, Both Tipped to Double

With July heating up, the spotlight is shifting to lesser-known tokens under $0.10 that offer…

July 4, 2025

Bitcoin Sets the Macro Tone, But Lightchain AI Sets the Fire That Smaller Investors Are Running Toward

Bitcoin continues to set the macro tone for the cryptocurrency market, influencing broad investor sentiment…

July 4, 2025

Ethereum Holds Its Rank, But Lightchain AI Holds the Heat With Tactical Movement Into Final Presale Stage

Ethereum continues to hold its rank as a leading blockchain platform, maintaining strong developer engagement…

July 4, 2025

Analysts Predict Major July Explosion for Neo Pepe Coin ($NEOP) Among Best Crypto Meme Coins

Crypto Presales Heat Up—High-Utility Coins Dominate As July unfolds, crypto markets are abuzz with growing…

July 4, 2025