The insider earned $989,600 in two hours from investments in the meme coin DIDDY. This is reported by the analytical company Lookonchain.

According to experts, the launch of the token is backed by rapper Sean Combs, better known as P. Diddy. It is noted that at the time of writing, he is in prison in Brooklyn.

It is known that the insider created a new wallet a day before the launch, funded it, spent $349,900 to purchase DIDDY, and later sold the tokens for $1.4 million, making a net profit of $989,600.