Crypto Trader Makes $7M Profit With GOAT, Smart Money or Insider Trading?
- Linda HamiltonOriginal
- 2024-11-03 01:34:30600browse
In a riveting turn of events, a crypto trader nabbed substantial investor attention across the broader market on Saturday, amassing a staggering $7 million profit trading Goatseus Maximus (GOAT), the Solana meme coin.
A crypto trader has made a massive $7 million profit after buying a large amount of Goatseus Maximus (GOAT) coin, a Solana meme token.
On-chain data shows that the trader bought 1.5% of GOAT’s supply for around $58K nearly a month ago. As the coin surged, the trader’s investment grew to $7.5 million.
The Goatseus Maximus coin saw a slew of listings on major crypto exchanges over the month, which drove up its price.
With the trader’s remarkable profit, market observers are now speculating if the crypto trader 4Jpef1.. is a smart trader or an insider.
The trader’s address, which is linked to the Goat Provident Fund, had earlier made a large purchase of DADDY coin several months ago, but the coin has not seen substantial gains since then, according to Arkham.
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