KZG Crypto
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Mysterious Trader Makes $12 Million in 3 Hours; What’s Behind the CAR Token?
Recently, a mysterious trader has truly captured attention in the cryptocurrency market.
After the President of the Central African Republic released the CAR token contract address, this trader quickly took action, buying 46.57 million CAR tokens with 25 SOL, approximately $5,000, in just one second.
But that’s not all; three hours later, he started selling. He sold 22.65 million tokens for 8,395 SOL, around $1.67 million, while still holding 23.92 million tokens worth about $10.5 million.
Calculating it out, he made over $12 million in profit in just three hours, with a return on investment reaching 2,450 times.
This astonishing profit has made many envious, but some also feel that there are many doubts behind it.
The co-founder of Jupiter also posted that they have contacted the authorities to confirm the validity of the CAR token. Although they have temporarily verified this token to prevent users from making mistakes, there are still many unclear aspects, such as the source of the token and whether there are any locking issues, etc.
This serves as a reminder for investors that in the cryptocurrency market, projects with such high returns often come with considerable risks.
Many times, when people see others making a fortune, they can’t help but jump in, but once the project has issues, they could end up losing everything.
The situation with the CAR token might just be a speculative “trap,” inflating the price to attract people, and then the market makers sell off... Let's see how it plays out.
Recently, a mysterious trader has truly captured attention in the cryptocurrency market.
After the President of the Central African Republic released the CAR token contract address, this trader quickly took action, buying 46.57 million CAR tokens with 25 SOL, approximately $5,000, in just one second.
But that’s not all; three hours later, he started selling. He sold 22.65 million tokens for 8,395 SOL, around $1.67 million, while still holding 23.92 million tokens worth about $10.5 million.
Calculating it out, he made over $12 million in profit in just three hours, with a return on investment reaching 2,450 times.
This astonishing profit has made many envious, but some also feel that there are many doubts behind it.
The co-founder of Jupiter also posted that they have contacted the authorities to confirm the validity of the CAR token. Although they have temporarily verified this token to prevent users from making mistakes, there are still many unclear aspects, such as the source of the token and whether there are any locking issues, etc.
This serves as a reminder for investors that in the cryptocurrency market, projects with such high returns often come with considerable risks.
Many times, when people see others making a fortune, they can’t help but jump in, but once the project has issues, they could end up losing everything.
The situation with the CAR token might just be a speculative “trap,” inflating the price to attract people, and then the market makers sell off... Let's see how it plays out.
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