Trader earns $3 million profit in 5 hours by sniping CAT token at launch

Sniping involves buying tokens early, capturing the best price before others. 318.87 billion CAT tokens bought for $1.46 million, sold for $4.45 million.

A trader made a remarkable $3 million profit in just 5 hours by sniping the CAT token at launch, according to blockchain analytics platform Lookonchain.

The trader purchased 318.87 billion CAT tokens for around $1.46 million, buying the tokens at the same transaction when liquidity for CAT was first added. The trader then sold all the CAT tokens for approximately $4.45 million.

Sniping involves buying a large number of tokens early, capturing the best price before others. In this case, the trader's quick actions and sharp instincts paid off, turning a substantial initial investment into a multi-million dollar windfall in mere hours.

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