A trader earned 156 ETH in just 15 minutes on 1CAT token

According to Lookonchain monitoring, a trader became the first buyer when 1CAT token opened for trading. They invested 603.13 Ethereum (approximately $1.33 million) to purchase 413.89 million 1CAT tokens, out of which 303.13 ETH (approximately $670,000) was used as a tx fee for miners. Subsequently, the trader sold 389.2 million 1CAT tokens at a price of 759 ETH (approximately $1.68 million), earning a profit of 156 ETH (approximately $345,000) in just 15 minutes.