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A certain address bought Neiro early and made a profit of $1.93 million

A certain address bought Neiro early and made a profit of $1.93 million

CointimeCointime2024/07/28 06:43
By:Cointime

A certain address made a profit from buying Neiro early on, with a profit of $1.93 million from only $80,000, with a return rate of 2397%, as monitored by the on-chain analyst @ai_9684xtpa. The analysis shows that the overall position building can be divided into two rounds:

1. After Neiro went live for one minute, the address spent 15.089 SOL to buy 70.8 million tokens, with an average price of only $0.00003914, and then sold the first round of positions in batches within six hours.

2. When the market value surged to $79 million, the address entered again, spending 420.75 SOL to buy 983,500 tokens, with an average price of $0.07916, and then sold all of them within an hour.

This address is most likely not a rat's nest, as it participated in many Meme transactions (including the previous hot laser eye) with a "buy lottery" mentality in the past month, with a win rate of only 31.25%.

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